The European currency continues falling.

Supposedly, the bearish correction in a form of second wave continues to form. A downward impetus in the form of wave (с) of ii is nearing completion. If this assumption is correct and the price does not break the critical level 1.0460, it's logical to expect the pair to resume growth to the levels of 1.1000-1.1100.

Trading tips

Buy above a level of 1.0638 with targets at 1.1000-1.1100.

Alternative scenario

Breakdown of the level 1.0460 and consolidation below will allow the pair to continue declining to a level of 1.0300.

EUR/USD: wave analysis

EUR/USD: wave analysis

EUR/USD: wave analysis




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