EURUSD – Moving lower in a corrective AB=CD formation.

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Monthly: Trading within a bearish channel formation. Trend line resistance is seen at 1.2408. Levels close to the 38.2% pullback level of 1.2522 (from 1.6038-1.0349) found sellers. The move lower is mixed and volatile common in corrective formations. Weekly: Completed a bearish Elliott Wave count to the downside (5-waves completing at 1.1216). Price action on the week 12th November posted a...

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