After a 3 week advance, the EURUSD should resume its long term decline. To review; since 1.60, price has declined in a series of 1st and 2nd waves. Most recently, the rally from 1.2475 is wave ii of 3. As long as price is below 1.3740, anticipate a break below 1.2327 and much lower in wave iii of 3
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