EURUSD is still looking weak, but bearish momentum could slow down in January as as we see price moving south in wave five, final leg of a big five wave decline. We are looking at important 1.2000 psychological level that could become a support for the pair and maybe even turn up very sharply from that level in January. However, for now trend is still down, but five waves from the lows and back above 1.2190 will put low in place.
EURUSD 4h Elliott Wave Analysis
EURUSD Elliott Wave