While I am still somewhat sceptical that the next move down has begun, I can't ignore the facts. The sharp fall that just occurred in the Euro doesn't seem to fit with any other consolidation pattern that I can think of. I have marked the extremely obvious 3 wave move up, which cannot be the C leg of a move and also ruins any irregular flat scenario that I can think of. Another reason why I am not sure about this move is because of how shallow the retracement has been, however this could be a sign of a very week Euro. This could be a good shorting opportunity. Keep risk just above 1.48.
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