EURUSD in the Forex is in a downtrend.
The reason is massive sellout of bonds regardless of their yield. This was triggered by actions of heads of the Eurozone states related to fiscal policies and increased speculation following such statements.
The euro finished an Н12 level wave starting at 1.4281 which is currently a new point of reference. The correction to it has reached now 23.6%.
Upwards - there is a point of reference (1.3669-1.3819), a sloping channel of the latest bearish wave broken. The new upwave A might as we be just a correction to increase wave level.
The US Veterans Day News releases: 12:00 EUR ECB Monthly Bulletin
1.4079 - MF pivot
1.3976/69 - 50%+200%+sell limits
1.3952 - 188.2%+sell limits
1.3934 - 176.4%
1.3912 - 161.8%
1.3904/895 - 38.2%+150%+sell limits
1.3877 - 138.2%
1.3855 - 123.6%+sell limits
1.3838 - 111.8%
1.3820 - Н1 FZR+sell limits
1.3782 - Current price
1.3763 - 38.2%+buy limits
1.3745 - 50%+buy limits
1.3728 - 61.8%
1.3717 - MF pivot
* FZR - Fractal-Zigzag Reversal
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