EURUSD EW Analysis Triangle Update
The triangle in the EURUSD thrusted toward 1.14 last week, potentially completing the move. However, the thrust retraced in the form of an abc to exactly 61.8% of the rally, tyrpical of a primary wave. This morning the EU is bullish. Plausibly, this can only mean that we are about to start a third wave rally. A channel target for the greater ABC fits excellently with the projected impulse from wave 1. RR is favourable and very well defined.
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