We are in the C wave of the A-B-C structure as per Elliott Wave Principle. We are expecting the price to move upward to reach the first target 1.2300, and the second target that we are looking for is 1.2465.

Summary:

Entry: 1.2170
SL: 1.2030
TP1: 1.2300
TP2: 1.2465
Elliott WaveeurusdlongForexTechnical Analysiswave
Joe_Damien

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