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EUR/USD May Test New Lows: Elliott Wave Analysis

EURUSD found some support recently, but move from the low is not in five waves for now, so we are still tracking a higher degree downtrend, currently with a pause that appears like a wave 4), possibly it’s a triangle. So ideally, the pair is going to print new lows into wave 5) to complete a higher degree downtrend near 1.07.

EUR/USD 4h Elliott Wave analysis

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