What a beautiful price action we had in EURUSD yesterday. First an aggressive move to the downside, taking out weak longs and sucking in as many bears as possible only to reverse sharply to upside and probably by now the bears are starting to give up. However, we may have another pullback to 1.3850 area because the triangle might not be finished in terms of Elliott Waves and as NFP is on Friday the price may decide to consolidate and break out tomorrow, regardless of the result from NFP.
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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.