I keep bullish view on EUR. I simply do not see EUR breaking down 1.13 support. Believe that we are still in blue wave 2, which happens to be expanded flat after bullish, impulsive blue wave 1. I would not be surprised if impulsive blue wave 3 start very soon and want to be positioned for it before it start. Already have longs on 1.1360 and will increase them in 1.13-1.1350 zone. Expect minor bounce to complete red wave 4 in smaller rectangle on 1H chart and then drop for final red wave 5 to complete red wave C and blue wave 2, after that I expect bounce toward 1.1620 zone. SL for long positions 1.1290.
I simply do not see continuation of downward move, think that bigger blue wave B on daily chart is finished.
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