Eurusd is trading with an increasing bearish momentum. During the last Fridays trading day, the pair rose slightly to the upper side but could not go beyond 1.1971, we expect this level to have marked the end of the corrective wave (b), that the current bearish wave count is the continuation of the impulsive wave (c) to the lower side with an ideal target at the daily support level 1.1692. If this support is violated, then a bearish acceleration towards 1.1534 will be the next best move. This pair has a strong positive correlation to GBPUSD and AUDUSD and will move in the same direction during this intraday. only buy or sell euro if the other positively correlated pairs are giving the same signal
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