EurUsd bearish targets!

EurUsd started a bearish breakout from Jul 18 to Aug 3. The minimum target of this downward breakout is based on the 200% level of this leg. That is, about 1.05600, which is the monthly close candlestick for May 2022. You can also consider the downward leg from July 18 to August 25 as a weekly breakout, which with the reaction of the recent weekly candle to the low of July 6, if you see a follow-through, you can set a downward target based on measure moves from the low of July 6 and high of July 18. In this case, we will see a drop to the price of 1.040. (Dec22 open)

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