Chart on EUR/USD (1-hr)


EURUSD: new low is made, positive divergence on micro level is broken. This could be a start of the wave (v) of 1 down.

I am looking for break down below 1.12376 level.  Then, to confirm the downside impulsive count, Euro should hold below 1.12722. Ideal target resides at 1.105 - 1.109 region.

 

Avi Gilburt is founder of ElliottWaveTrader.net.


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