The pair is in a downtrend, with the Elliot wave count indicating the conclusion of the 3rd downtrend and the start of the 4th corrective one, with a target of 1.1679, which is 78.6% of wave 2 and a key resistance area. We expect the 5th wave to unfold and attain a target of 1.1030 after that.
#ELLIOT #FOREX
#ELLIOT #FOREX
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