EURUSD - after ((X)) or 1 ended - (a)(b)(c) down alt:1/2, 1/2

May 5, 2021

price moves in a corrective way (inside channel) - zigzag (a)(b)(c) down -
next wave C - first target area 1.1940 (a)=(c)

alternative count: 1/2 (i)(ii)- 1/2 i-ii

let see price evolution

May 5, 2021

Note

it seems price are losing momentum MACD shows divergence

we have to consider evidence of short time invertion of the downtrend (a)(b)(c) if price cross over
1.2012 key level
1.2027 critical level