Eurusd may be in it's turning point. After gaining value the currency may drop. Let's look at the H4 chart:
We can see three waves of impulse (in uptrend). However this impulse could be also a correction. In this situation we sholud expect drops below 1,3835 level. The weekness of this theory is the down move from the beginning of July - it has three waves, not five.
In the end, I'm expecting some drops in corrective 4th wave and rally in 5th wave.
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