EURUSD: Elliott Wave forecast

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EURUSD daily chart


From the above chart is is very clear that the trend of the single currency is negative. Especially, after making the high it is now moving in a lower high and lower low formation which is a negative sign.

As per wave theory, prices are moving in a complex correction pattern. (a-b-c-x-a-b-c) the second correction after wave x is in process in which wave c has started which can reach till 78.6% of the previous rise which is placed at 1.08

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