On the EUR-USD daily chart, it is forming wave B of a correction phase ABCXABC (at least, it depends on the last wave C). Wave B can do what it wants; it can also complete itself at an extension 1.238 or 1.328 wave A (so, above the X). A the moment has made a retracement of 38.2% of wave A.
eur-usdEURUSDWave Analysis
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