EURUSD Elliott Wave Analysis: Downtrend Continuation

EURUSD Elliott Wave Analysis: Downtrend Continuation
EURUSD is at the lows as expected, now trading down in fifth wave of decline and approaching two projected levels. We are looking at triangle measurements with first once around 1.2273 while the second one comes in at 1.2183. We would not be surprised to see more weakness till the end of the week. On the upside any pullback could be rejected from 1.2358 resistance. However, traders need to be aware that market broke out of a triangle, so price is falling within a final leg within larger downtrend, therefore a bounce in price could occur sometime in December.
EURUSD 4h Elliott Wave Analysis
eurusd elliott wave

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