Good day traders and a happy new year of 2018 to all!
EUR/USD made a three-wave fall, which can be only temporary as we think it represents minor wave iv of a five-wave bullish impulse. If so, then downside can be limited around the lower corrective channel line and near the 1.1982 region, where Fibonacci ratio of 38.2 can act as support and turn price higher.
EUR/USD, 1h
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