On the EURUSD, it has been in a downtrend and we currently still are. We have been predicting and watch for a pullback around 1.07 weekly supply zone and it happened. However now we are waiting for price to resume down. But that hasn’t happened yet. Price needs to stay below 1.08 in order to respect the weekly/daily supply zone as well as stay inline with the Elliott wave pattern that seems to be going on the weekly time-frame.
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