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EUR/USD Elliott Wave Analysis Eyes to 1.1700 Level

As per Elliott Wave analysis, EURUSD is coming down after Friday’s NFP report, now seems like it’s breaking down into wave 5 targeting that April levels are near 1.1700.

Ideally, the pair will still be looking for some buyers down there when the market may turn up after completed a higher degree (A)-(B)-(C) drop since the start of the year.

EUR/USD 4h Elliott Wave analysis chart