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    Elliott Wave Analysis: EURUSD Can Be Trading At The End Of An Uptrend, Let’s See What Happens

    EURUSD touched a new high yesterday ahead of FOMC press conference but then it turned sharply lower from 1.1300 area that we highlighted it as an important resistance a few times in our past updates. An updated count shows an ending diagonal on 4h chart placed in wave C; a powerful reversal pattern that can cause a strong drop for this month, ideally in impulsive fashion.

    EURUSD, 4H

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