EUR/USD Develop Strong Wave 3 Momentum

forex-news-euro_34 hour

The EUR/USD is continuing with the uptrend after breaking the horizontal resistance levels (dotted red). Price seems to be in a wave 3 (purple) of wave 3 (pink) at the moment and potential dips are most likely retracements within the larger bullish movement.

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The EUR/USD wave 3 (purple) is probably developing another internal 5 waves (orange).

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Origin: Admiral Markets

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