On the EUR-USD daily chart, it is forming wave B of a correction phase ABCXABC (at least, it depends on the last wave C). Wave B can do what it wants; it can also complete itself at an extension 1.238 or 1.328 wave A (so, above the X). A the moment has made a retracement of 38.2% of wave A.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.