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EUR/USD Seems Under Pressure Below 1.1359: Elliott Wave Analysis

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EURUSD came higher last week after US CPI figure. Pair moved to the upper side of a corrective channel line, to around 1.1490 where bulls slowed down, so it can be an interesting reversal coming this week, back to bearish mode, especially if 1.1359 is broken on a 4h chart. We think this breakdown would likely make a room for a fifth wave down.


EUR/USD 4h Elliott Wave analysis


EUR/USD Seems Under Pressure Below 1.1359: Elliott Wave Analysis




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