It seems so, since the bigger picture in EURUSD is bearish and declines seem very well impulsive so far... we finished 5 waves down (I just relabed the waves and I think they fit perfect now...) and we are now in the middle of what seems to be the A of 2... I am expecting another decline before final push up in a C of the 2nd wave to finish the correction and continue with the downwards movement... I just want to point out that the correction could retrace even all of the 1st wave and still be valid... I am keeping my short positions with a stop loss above 14040...

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