EURUSD is turning sharply lower from the 1.1300 level where pair have finally accomplished a big and very long sideways pattern that was located in wave IV. It was a triangle which is now completed. A decisive break beneath the wave B swing at 1.0533 level was a confirmation for a completed higher degree correction and that more weakness may be in progress. That said, the updated wave count is showing us the pair trading in red sub-wave 4) of three, that may in days ahead see more slow and choppy price activity.
EURUSD, Daily
