Wave analysis and forecast for 22.07 – 29.07

**EUR/USD: Wave analysis and forecast for 22.07 – 29.07: Downtrend continues.
Estimated pivot point is at the level of 1.1163.

Our opinion: Sell the pair from correction below the level of 1.1163 with the target of 1.09.

Alternative scenario: Breakout and consolidation of the price above the level of 1.1163 will trigger the rise in the pair to 1.1250.
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