The pair EUR/USD is likely to fall under correction. Estimated pivot point is at a level of 1.1176.
Main scenario: short positions will be relevant from corrections below the level of 1.1176 with a target of 1.1028 – 1.0990.
Alternative scenario: breakout and consolidation above the level of 1.1176 will allow the pair to continue the rise up to the levels of 1.1280 – 1.1403.
Analysis: Supposedly, a descending correction of senior level in the form of the second wave 2 finished developing on the daily time frame as a zigzag, with wave (С) of 2 formed inside. Supposedly, the…
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