EUR/USD has appreciated from 1.13 to over 1.16 in a 5 Elliot's wave movement. This was sharp upward movement and after reaching the level of over 1.16 we can expect some retracement/correction in a form of waves A (bearish), B (bullish) and C (bearish). However, I expect the dominating direction in this movement to be bearish and I think we may see some sharp drops as well. My prediction for the ucoming week is Bearish.
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