EURUSD: Even though the first attempt lower didn’t play out the fact that we remained below 1.1534, the Feb 03 top, kept a bearish (a-b-c) wave count in place. To confirm a bearish exit there’s however still a need for a 1.1262 break (as long as not broken there remains an alternate but less likely short term bullish wave count (which will be activated above 1.1499). Friday’s mid body point, 1.1396 will now be an important reference point (where offers should be centered).
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