The probability of a decrease in EUR/USD remains. Estimated pivot point is at the level of 1.1163.
Main scenario: “short positions” are relevant from corrections below the level of 1.1163 with the target of 1.0950 – 1.0850.
Alternative scenario: breakout and consolidation above the level of 1.1163 will allow the pair to grow to 1.1251 – 1.1413.
Analysis: within the daily timeframe, the downward correction is presumably continuing to form as the second wave of the senior level 2, in the form of a zigzag with a diagonal triange in wave (С) of 2. On the 4-hour timeframe, presumably, the…
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