EURUSD – Another drive lower before buyers emerge

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Monthly: Trading within a bearish channel formation. Trend line resistance is seen at 1.2395. 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). After posting a bullish Outside Week on the 12th No...

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