The bearish count remains valid against 1.4140 but failure to trade lower last week seriously dampens bearish confidence. The ending diagonal count looks more probable at this point. A drop below 1.3983 is possible near term in order to complete a small correction from 1.4118 and the bullish count is valid against 1.3888. Until a break of one of the mentioned levels, the EURUSD is in a state of limbo.
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