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EURUSD resumes wave c towards 1.2040/50

Por harshjapee
EURUSD has carved a series of lower degree Waves i and ii after printing highs at 1.2242 levels. Preferred count suggests EURO is carving a lower degree wave ii within Wave (iii) of Wave 3. If the above structure is correct, prices would stay below 1.2113 and find resistance around 1.2000/30 zone. Alternately count suggests that EURUSD might be retracing the entire drop between 1.2242 and 1.1835 respectively. Either way, the structure continues to remain bearish until 1.2350 stays intact.
EURUSDTechnical AnalysisTrend AnalysisWave Analysis
harshjapee
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