EURUSD: The process of hammering out a low point for wave 5 has taken longer than expected. Nevertheless most signs (wave pattern, trend line, divergences and more) still clearly warns of a larger rebound lurking in the shadows. The near term outlook calls for the pair to fall down to either the Oct support line/wedge floor at 1.2258 alternatively down to the 2010/2012 support line at 1.2229 and then kicking off a new attempt to correct higher.
Read the full report: Technical Alert