As you can see, we are in the 2nd wave, EURUSD retracement will stop around 1.3250 and then continue riding the third wave to 1.2040. Long term trend is down and look like we are having a Head and Shoulder forming, we are on the right shoulder now.
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If you like this and want to see similar prediction for other pairs on different timefram, click here
Elliott Wave Forex Charts Analysis , it's FREE !
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