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The EUR/USD is approaching an important break or bounce level (decision spot), which is the support trend line (green) connected to bottom at wave X (green).
The EUR/USD could have completed an ABC correction (blue) with a 5th wave potentially compl
...The EUR/USD continued with more downside momentum yesterday but price is running into major a weekly support level (green).
The EUR/USD seems to be building a 2nd ABC zigzag (green) within wave X (lavender).
The GBP/USD has managed t
...The EUR/USD is testing important trend lines (green and light green), which could become support for a rebound. A bearish breakout would invalidate the current wave X count (lavender).
The EUR/USD showed bullish momentum but it slowed down when it
...The EUR/USD made a deep retracement and remains in an overall corrective environment. The bottom is an important level (green line) as a break or bounce could have a decent indication ultimately whether the wave 4 (blue) has been completed (bearish break)
...This week's video analysis focuses on the ABC formation on the GBP/USD and the USDJPY plus the contracting wedge on the EUR/USD and AUD/USD.
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