EURUSD looks as it has ended its complex decline, down from September highs as we see all three waves W,X,Y unfolded. Also price made a recovery at the 1.122 level, indicating that wave Y found a low, and that a minimum three-wave reversal to the upside is now in play. In such case, we would expect to see price reach 1.15 level in upcoming sessions, from where a new, temporary pullback may follow. This pullback can be wave 2, which can later look for support and a bounce near the 1.1333 area.
EURUSD, 4h
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