EURUSD: Despite the move down to a fresh trend low indicators such as MACD and stochastic continues (MACD has repeatedly been doing so since the Oct low point, the end of wave 3) to show a bullish divergence indicating a descent under a slowing momentum. Short term it looks like we’re creating a narrow range on top of the wedge floor so unless moving above 1.2256 the most likely outcome will be another low.
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