(Please double at the chart to see it better)
EUR/USD:
The powerful decline from 1.3894 continues. We have all the earmarks of an impulsive decline taking place. Short term I will be looking for a continuation lower towards 1.3560 to end wave (v) and iii. Once the low is in place look for a short term correction in wave iv higher towards 1.3666 before the the final wave v lower towards 1.3500 and likely even lower towards 1.3462.
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