The dollar finally broke out before xmas and a new downtrend looks to have developed on the EUR/USD. The leg down seemed to be a complicated affair and EWI have labelled it as a extended 5th wave which is the best i can see too. I wont label it on the chart as did need help with that count, it would be copying and it is copyrighted material from EWI!
However, i have labelled Wave 2 on the chart as to what i think is happening.
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