EURUSD

An explanation on the ongoing decline of EURUSD :

On the daily chart frame, after the fine ending diagonal wave C of (E), a five-wave sequence to downward is likely be completing. based on the alternate-count, the ongoing wave 5 has been extended, and it’s fourth wave is likely in progress.

On the current sequence, how far down can EURUSD be expected to go?

The expected fibo-expansion target for bottom of the fifth-wave decline, could be around 1.0956.

EURUSD - Daily 1

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