![EUR/USD: price declining in wave [i]](/img/articles/1982/Tcljv3V6CexpE95g_1280x600_q70v3.jpg)
EUR/USD: 34 Moving Average acted as resistance
It's likely that the price is going to test the lower 'Window' (1.1107), which acted as support a few days ago...
EUR/USD: price declining in wave [i]
The price is still declining in wave [i]. Previously, wave [v] of C has been ended near 7/8 MM Level. So, the market is likely going to continue moving down towards 4/8 MM Level.
There's a bearish impulse, which could be wave (i), so bulls are likely going to deliver wave (ii) in the coming hours. Nevertheless, we could have another bearish impulse in wave (iii) afterwards.
Igor Tolstykh
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