EURUSD One last dump before the pump?

The EURUSD pair is approaching the 1.05500 Target that we called on April 02 (see chart below), which is at the bottom of the 4-month Channel Down:


That will form the new Lower Low of the pattern, completing a -4.00% decline from the Lower High, which is 100% symmetrical with the previous Low. The structure of the Legs is very symmetrical so after the Low we expect the pair to turn bullish on the medium-term again. Our Target will be 1.0800 (just below the 0.618 Fibonacci retracement level).


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