EURUSD: Elliott Wave forecast

EURUSD daily chart


From the above chart is is very clear that the trend of the single currency is negative. Especially, after making the high it is now moving in a lower high and lower low formation which is a negative sign.

As per wave theory, prices are moving in a complex correction pattern. (a-b-c-x-a-b-c) the second correction after wave x is in process in which wave c has started which can reach till 78.6% of the previous rise which is placed at 1.08

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