EU has formed a diagonal which is a reversal pattern. We anticipate the a swing bearish move to 0.9 region. On weekly timeframe, the market is still in a corrective phase to complete the last leg of WXYXZ correction. Our first TP for the bearish impulsive move is 1.008. Wave z has 5 impulsive waves, we now on wave 3.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.