EURUSD came higher last week after US CPI figure. Pair moved to the upper side of a corrective channel line, to around 1.1490 where bulls slowed down, so it can be an interesting reversal coming this week, back to bearish mode, especially if 1.1359 is broken on a 4h chart. We think this breakdown would likely make a room for a fifth wave down.
EUR/USD 4h Elliott Wave analysis
