In the previous post, I highlighted a potential break of the 4H trend channel for the Euro. The trend channel broke and has reached a low of 1.4313. The decline from the high has corrected about 50% of the rally. Is the the end of the Euro correction?
I do not think so. I think for the moment, there low is at 1.4313. Euro will attempt a corrective rally higher to 1.4450 to 1.4490. From there, I am expecting another decline lower below 1.4313.
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