EURUSD Still Looking Lower, Towards 1.1450/1.1500 Region 

4h eurusd analysis

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EURUSD has turned lower in the last few weeks and it appears that there is more weakness ahead within wave 3)/C), towards 1.1450/1.1500 region. Reason for more downside is a five wave structure that should unfold from 1.1877 swing high, no matter if decline from September high is corrective or impulsive. In both cases we should be aware of more weakness after a current pullback of a black wave 4 that may find resistance at 1.1670-1.1700 zone.

Sharp move up and close above 1.1730 would be bullish evidence.


4h eurusd analysis


Disclosure: Please be informed that information we provide is NOT trading recommendation or investment advice. All of our work is for educational purposes only.


By Gregor Horvat

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