Although German Prelim CPI is still due to be released, Germany CPI North Rhine Westphalia reported waker than expectation, which accelerated the fall started in EUR/USD since yesterday.
Since the pair broke below (learn breakout vs fakeout) the recent low, it ended the previous uptrend.
If today’s US Prelim GDP comes to be more than expected, EUR/USD will cotinue falling in ABCD fashsion. CD should at least be 61.8% of AB.
Exit in loss if the pair goes up and stays above C until after 30 minites of US stock market opening time.
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