EUR/USD Technical Analysis

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EUR/USD Technical Analysis

Source : MTrading

The wave B count (magenta) has become less likely due to the EUR/USD break below the trend line support (light green) during the FOMC statement yesterday.

 

wave analysis for eurousd

 

The invalidation level is the bottom of wave A (magenta) which is the 100% Fibonacci level at 1.0725.

 

euro h1

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