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EURUSD Bearish - 4HR EW Analysis

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It appears that EURUSD has completed wave c - the final corrective wave of the EW pattern on the 1 and 4 hour timeframes.

From here, it is likely that the major trend continue. We can expect this pair to decline over the next several days, with a new impulse wave 1 forming as it heads toward the bottom of the bearish channel.

Of course, this is using only trend analysis and a news announcement or data point could negate this trend.




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