Elliott waves analysis – We’re short

EURUSD – Up

EURUSD is very bearish. This pair had been bearish since last week. The price is currently in a minor zone that is at 1.0776. The market is in a corrective phase which is ABC’s corrective pattern. Since the price has already formed the minor corrective wave A and minor corrective wave B the price is currently forming the minor corrective wave c. I expect this pair to drop at least up to 1.0582, at this zone there is a minor zone so should the price fail to break below this zone then we will mark it as our minor corrective wave c.

Trade Recommendations:

We’re short

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