EUR/USD Can Face A Reversal Lower – Investing.com

Because of recent sharp and strong price activity we changed our primary look and are now looking at a bullish impulse being made, with price specifically trading at the end of blue wave 5. Ideally blue wave 5 will now slow down for a new three wave reversal lower, as we can see first Fibonacci ratio of 76.4 being reached, which can act as a turning point lower.

, 4H

EUR/USD 4-Hour Chart

EUR/USD 4-Hour Chart

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