The pair EUR/USD is still likely to grow. Estimated pivot point is at a level of 1.0940.
Main scenario: long positions will be relevant from corrections above the level of 1.0940 with a target of 1.1110 – 1.1250.
Alternative scenario: Breakout and consolidation below the level of 1.0940 will allow the pair to continue declining to the levels of 1.0860 – 1.0800.
Analysis: Supposedly, a descending correction of senior level in the form of the second wave 2 is nearing completion on the daily time frame as a zigzag with a diagonal triangle located in wave (С) of 2. Apparently,…
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