EUR/USD Has More Room Downwards

EURUSD-Elliot-Wave-Analysis

 

The EUR/USD has been trending lower during this week and it seems that the pair has completed an extended sub minuette wave 1 and 3 (red color) and is in the process to compete wave 5 offering more downside potential.

On the higher wave level (blue color) the pair has completed what appears to be wave 3 and 4 with wave 5 under development through the sub waves mentioned above.

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