Nov. 11th – EURUSD

I have many ways I could label this pair, but no real preferred one. I have added one variation of my counts that sees the wave ((Y)) as a ending diagonal, however my confidence in this count is not that high. So we look at other technicals that could help us until we have clarity in the labeling.
Looking at the template to confirm the trend, we can see that the price action has broken the 200 SMA-Weekly down in an impulsive manner. This makes me expect that lower prices are still ahead. Also the cloud is still forecasting lower prices.
For now, I suggest to stay away from this market until we have more clarity.