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EURUSD – Downward correction to move on – June 17th, 2021

As you can see on the 30m chart below, there’s a bearish diagonal, which is likely wave ((a)) of 2. Wave ((b)) turned out to be smaller than expected, so the current decline should be wave ((c)) of 2. In this case, we’re going to have the rest of a downward impulse for wave ((c)) in the short term.

2 thoughts on “EURUSD – Downward correction to move on – June 17th, 2021”

  1. hi , i propose in attached image an alternative count. Wave (2) is not over yet and what you called wave 1 instead is wave X of a complex correction WXY to wave (2) in 1.1300 area.
    thank yuo

    1. Hello,

      Thanks for your comment! This scenario was mention in some updates, and I also added it on the last update in grey. We’ll see.

      Have a good week!

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