EURUSD Bearish Price Structure
The weekly price structure of EURUSD is pointing for additional weakness the following months, depending the speed of descent, towards the 1.13's - 1.12's. Projection valid while price remains below the invalidation level of 1.1860's. Please note the invalidation level will require a weekly close above. Short term, price can continue lower towards 1.1600 before a possible retest of the 1.17 - 1.18. From there the next leg lower should start towards 1.13's - 1.12's.
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