EURUSD

Bearish Outlook :

Today’s sharp selloff in Euro (closing below the 1.08090 low on July 20), also the wave structure which has been developing since the August 24 high, indicate that Intermediate-degree wave (C) is tracing out its Minor-degree subdivisions.

The expected target for Minor-degree decline in wave 3 is around 1.04806, where will achieve the 1.618 times the length of the same degree wave 1.

EURUSD - Daily

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