EURUSD: Wave (5) on the way

Wave (4) of EURUSD slightly missed the target and fell down swiftly.

As Wave (4) is over, we can estimate the Wave (5) targets.
There are two Wave (5) target zones:

(1) around 1.14
- Wave (5) = Wave (1), 1.1451
- Wave (4) will divide the higher degree impulse wave in golden section, 1.1417
- 1.382 reverse Fibonacci target, 1.1379

(2) around 1.12
- Wave (5) = 0.618 x Wave (1) ~ (3), 1.1206
- Wave (5) = 1.618 x Wave (1), 1.1203
- 2.0 reverse Fibonacci target, 1.1168

We can have better estimates of Wave (5) once we have clearer substructure.

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