EUR/USD: weekly wave analysis

Daily. In line with expectations, after the pair has finished corrective wave (4), we saw a rapid decline within the new downtrend (5). Let’s view its layout at Н4.

H4. The pair’s building the first part of the downtrend. This week EUR/USD will form impulse [iii]. Within this wave there will be a powerful decline, so we recommend looking for the opportunities to sell the euro. 

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