EURUSD

In overview on this frame of daily chart, after an ending diagonal as the wave C of (E), EURUSD fell down in an impulsive five-waves sequence.

Currently, EURUSD appears to be correcting the overall five-waves sequence, in a three-waves up. An expected target for the ongoing correction, could be around the Fibonacci 0.5 retracement level at 1.2229 .

EURUSD - Daily

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