EUR/USD: The break of 1.3157 confirmed the end to the minor reaction hence paving the way for a fresh low. So current low, 1.3117, has fulfilled the next target (the hourly triangle target from
the beginning of the week). The bounce overnight however looks clearly corrective so there’s a good chance that we will see the pair falling down around 1.3100. Thereafter there’s a growing risk of a 1.3218/55 bounce lurking given the possible completed five wave decline (the 1st part of the decline).
Read the full report: Technical Alert
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