Charts: EURUSD

EURUSD is turning to the downside from 1.1419 level, giving us an idea of a completed wave ii correction and that more weakness is on the move. We can also see a break below the lower channel line, which is another confirmation for more weakness. That said, be aware of temporary pullbacks which may show up during this bearish trend.

Year 2018 is still bearish for the EURUSD, however price can now be seen in a temporary pullback of a higher degree, meaning bearish activity can temporarily slow down. We see price unraveling sub-wave B) of 2, which can look for support and a bounce into wave C) at the 1.1200/1.1100 region. The later wave C) can look for resistance and a reversal near the 1.181 level. That being said, if price goes straight lower from current levels, then corrective wave 2 may already be completed.

Charts: EURUSD

EURUSD is turning to the downside from 1.1419 level, giving us an idea of a completed wave ii correction and that more weakness is on the move. We can also see a break below the lower channel line, which is another confirmation for more weakness. That said, be aware of temporary pullbacks which may show up during this bearish trend.

Year 2018 is still bearish for the EURUSD, however price can now be seen in a temporary pullback of a higher degree, meaning bearish activity can temporarily slow down. We see price unraveling sub-wave B) of 2, which can look for support and a bounce into wave C) at the 1.1200/1.1100 region. The later wave C) can look for resistance and a reversal near the 1.181 level. That being said, if price goes straight lower from current levels, then corrective wave 2 may already be completed.

Charts: EURUSD

EURUSD is turning to the downside from 1.1419 level, giving us an idea of a completed wave ii correction and that more weakness is on the move. We can also see a break below the lower channel line, which is another confirmation for more weakness. That said, be aware of temporary pullbacks which may show up during this bearish trend.

Year 2018 is still bearish for the EURUSD, however price can now be seen in a temporary pullback of a higher degree, meaning bearish activity can temporarily slow down. We see price unraveling sub-wave B) of 2, which can look for support and a bounce into wave C) at the 1.1200/1.1100 region. The later wave C) can look for resistance and a reversal near the 1.181 level. That being said, if price goes straight lower from current levels, then corrective wave 2 may already be completed.

Charts: EURUSD

EURUSD is turning to the downside from 1.1419 level, giving us an idea of a completed wave ii correction and that more weakness is on the move. We can also see a break below the lower channel line, which is another confirmation for more weakness. That said, be aware of temporary pullbacks which may show up during this bearish trend.

Year 2018 is still bearish for the EURUSD, however price can now be seen in a temporary pullback of a higher degree, meaning bearish activity can temporarily slow down. We see price unraveling sub-wave B) of 2, which can look for support and a bounce into wave C) at the 1.1200/1.1100 region. The later wave C) can look for resistance and a reversal near the 1.181 level. That being said, if price goes straight lower from current levels, then corrective wave 2 may already be completed.

Charts: EURUSD

EURUSD is turning to the downside from 1.1419 level, giving us an idea of a completed wave ii correction and that more weakness is on the move. We can also see a break below the lower channel line, which is another confirmation for more weakness. That said, be aware of temporary pullbacks which may show up during this bearish trend.

Year 2018 is still bearish for the EURUSD, however price can now be seen in a temporary pullback of a higher degree, meaning bearish activity can temporarily slow down. We see price unraveling sub-wave B) of 2, which can look for support and a bounce into wave C) at the 1.1200/1.1100 region. The later wave C) can look for resistance and a reversal near the 1.181 level. That being said, if price goes straight lower from current levels, then corrective wave 2 may already be completed.

Charts: EURUSD

EURUSD is turning to the downside from 1.1419 level, giving us an idea of a completed wave ii correction and that more weakness is on the move. We can also see a break below the lower channel line, which is another confirmation for more weakness. That said, be aware of temporary pullbacks which may show up during this bearish trend.

Year 2018 is still bearish for the EURUSD, however price can now be seen in a temporary pullback of a higher degree, meaning bearish activity can temporarily slow down. We see price unraveling sub-wave B) of 2, which can look for support and a bounce into wave C) at the 1.1200/1.1100 region. The later wave C) can look for resistance and a reversal near the 1.181 level. That being said, if price goes straight lower from current levels, then corrective wave 2 may already be completed.

Charts: EURUSD

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EURUSD is turning to the downside from 1.1419 level, giving us an idea of a completed wave ii correction and that more weakness is on the move. We can also see a break below the lower channel line, which is another confirmation for more weakness. That said, be aware of temporary pullbacks which may show up during this bearish trend.

Year 2018 is still bearish for the EURUSD, however price can now be seen in a temporary pullback of a higher degree, meaning bearish activity can temporarily slow down. We see price unraveling sub-wave B) of 2, which can look for support and a bounce into wave C) at the 1.1200/1.1100 region. The later wave C) can look for resistance and a reversal near the 1.181 level. That being said, if price goes straight lower from current levels, then corrective wave 2 may already be completed.