EURO CORRECTIVE PHASE STILL CONTINUES-ELLIOT WAVE ANALYSIS

Completing its bullish cycle on 14 July 2008, this pair still fails to make a reversal trend.

Its corrective phase is going on since then.

Currently it is forming the wave 'C' which will lead a downward impulse.

Selling opportunity after a pullback should be the focus point for the traders.
Wave Analysis

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