After really strong U.S. data on Friday on most FX U.S. dollar-based pairs, we are seeing potential beginnings of the new uptrend. Stock markets are also higher on account of the strong data. The Fed will have one more reading before the September meeting, but the odds that they will move on rates have increased. Euro/U.S. dollar (EUR/USD) currency pair fell from out indicated levels on Friday. Current fall has several options and we are posting one of them, which could be a probable leading diagonal.
EUR/USD, 1-hour
Is a downswing in the cards for EUR/USD?
August 8, 2016 09:04 AM
Elliott Wave Analysis: EUR/USD

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