Intraday Correction On EUR/USD Could Point Lower

EUR/USD is trading down today after reaching levels near the former blue wave iv at 1.1321. We can count this reversal as a potential new impulse to the downside but we need to keep our eyes open since there is still a possibility of this a-b-c correction turning complex. For now price in nicely going lower, so even lower levels could be in store for the EUR/USD.

EUR/USD, 1H

EUR/USD Hourly Chart

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