The pair EUR/USD remains likely to fall. Estimated pivot point is at a level of 1.0853.
Main scenario: short positions should be considered from corrections below the level of 1.0853 with a target of 1.0750 – 1.0700.
Alternative scenario: breakout and consolidation above the level of 1.0853 will allow the pair to continue the rise up to the levels of 1.0936 – 1.0972.
Analysis: Supposedly, a descending correction of senior level continues developing in the form of the second wave 2 on the daily time frame with wave C of 2 developing within. Supposedly, the fifth wave 5 of (C)...
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