EUR/USD: With the break back below the 1.3202/3243 support area we can with a relatively high degree of certainty point at a completed three wave upside correction hence confirming the longer term negative wave count. Last week also ended with a bearish key week reversal enhancing the negative wave count. We will probably see selling slowing as we approaches the 1.30 area but until then reactions should be swift and short lived.
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