The Daily Wave Analysis

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The EURUSD is either making an ABC correction down (orange letters) or a 1-2-3-4-5 pattern. The jury is still undecided. Besides that, the uptrend channel is clearly broken an price is now approaching wave 4 of a lesse degree (blue letter) at around 1.3460-80 and a 38.2% Fibonacci retracement level



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