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Elliott Wave Analyst

EUR/USD: "Double Zigzag" in wave E

EUR/USD: "Double Zigzag" in wave E

Wave E of (Y) turned out to be a Double Zigzag, so wave [x] is likely going to be continued. If we see a pullback from 2/8 Murrey Math Level (P=200), there’ll be an opportunity to have an upward movement in wave [y] of E.

EUR/USD: "Double Zigzag" in wave E

There’s a zigzag in wave [x], which is taking place on the one-hour chart. Previously, wave (b) was ended under 4/8 MM Level, so bears are likely going to reach the main intraday target at 2/8 MM Level. 

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