EUR/USD Forecast. Technical Analysis

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The EUR/USD bounced at the 61.8% Fibonacci support level of wave 2 vs 1 (purple), which could be a continuation within the bullish waves 5 (pink/purple).

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The EUR/USD completed the bearish wave C (green) within a larger WXY (blue) correction and has broken above the local resistance trend line (dotted orange). The next key breakout is the resistance trend line (red).

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Origin: Admiral Markets

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