E EUR/USD Aiming For Lower Levels After A Minor Correction


EUR/USD is trading lower for the last few weeks away from 1.0828 where we see end of a red wave 4) corrective rally which puts wave 5) in play after a broken upward channel on February 08.

So far, we have seen a nice move down which can be counted in five waves as labeled on the 4h count, so recent bounce is probably a corrective move; ideally a-b-c in wave 2 which may find a top near 1.0670/1.0700.

EUR/USD, 4H

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