Wave 1 Down in EUR/USD

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EURUSD:  Move down could be a start of the long-expected wave v of (v) of 1 to (preliminary) 1.106 – 1.101 region. As long as 1.1215 signal level holds this remains my primary count.

Completion of the wave 1 is expected to provide us with a strong turn up and bounce in the wave 2. (click chart for a larger version)


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