The USD recovered nicely against the EUR last week, clearly with five waves down, which means that we are turning bearish again on EUR. However, first we need a three-wave bounce, before we can look for more weakness. Well, price can already be in a correction, but there is room for a 1.131-1.1370 correction before a downtrend may finally resume. Ideally, the pair will fall later this week.
EURUSD 30min Elliott Wave Analysis
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