EURUSD 4H Hints Short Term Bottom Formation?

The EURUSD pair's short term wave setups have been highlighted here. The termination point of wave ((4)) (higher degree) of the proposed triangle was around 1.1740/50 levels. We could count an impulse drop from there towards 1.1301 levels. This lower degree wave structure might be indication that a short/medium term potential bottom could be in place at 1.1300 levels. If the above structure holds well, EURUSD could see a meaningful corrective rally through 1.1520 and up to 1.1840/50 levels as highlighted through potential Fibonacci extensions here. Yesterday's intraday push higher, could be the first leg of the proposed counter trend rally.


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