The pair EUR/USD is still likely to fall. Estimated pivot point is at a level of 1.1317.
Main scenario: short positions will be relevant below the level of 1.1317 with a target of 1.1020 – 1.0950.
Alternative scenario: breakout and consolidation above the level of 1.1317 will allow the pair to continue the rise up to the levels of 1.1447 – 1.1571.
Analysis: Supposedly, a descending correction of senior level in the form of the second wave 2 continues developing on the D1 time frame with the wave C of 2 developing within. On the H4 time frame, presumably the...
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