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EUR/USD: bears going to deliver wave 5

EUR/USD: bears going to deliver wave 5

There’s a possible ending of wave 4 in a form of a “Double Three”. Also, we’ve got a resistance by 2/8 Murrey Math Level (P=200). So, it’s very likely to see the beginning of wave 5 of (1) in the short term.

EUR/USD: bears going to deliver wave 5

As we can see on the one-hour chart, there’s a pullback from 4/8 Murrey Math Level, so the price is likely going to start declining in wave [i]. The nearest bearish target is 2/8 Murrey Math Level. If it be broken, there’ll be an opportunity to have more deeper impulse in wave [i].

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