EURUSD & GBPUSD Look For Correction – Elliott Wave Analysis

The USD recovered nicely against the EUR last week, clearly with five waves down, which means that we are turning bearish again on EUR. However, first we need a three-wave bounce, before we can look for more weakness. Well, price can already be in a correction, but there is room for a 1.131-1.1370 correction before a downtrend may finally resume. Ideally, the pair will fall later this week.
EURUSD 30min Elliott Wave Analysis

eurusd aug 31 2015 30min

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