EUR/USD: weekly wave analysis

Daily. The market is moving within powerful and long downtrend, which was interrupted by the upwards corrective wave (4) for several months. When it ended, the pair continued moving down in a complex shape.

H4. The development of corrective wave (2) was likely over last week, so this week we expect the pair’s decline in a new downward impulse. However, one should trade carefully as the market is forming very complex and sharp waves. It is better to switch to other currencies during this period. 

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