EUR/USD Down trend in 4 hours chart

eur-usdTrend is bearish in EUR/USD currency pair in four hours time frame. Vital resistance could be seen at 1.1128 price level. Currently; price of Euro is going down. Based on Elliott wave analysis, current price action is most probably going to hit 1.0795 area and may be a bit lower than that. However; if price is going to break above 1.1128 key resistance level then I would prefer to stay out of the market and re-analyze the price action.

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