Short-term LONG on EU

FX:EURUSD   Euro / U.S. Dollar
316 0 1
This pennant price formation tends to break out in the same direction and for the same price range after a steep move that created the formation. AB=CD the price is exactly on the 261.8 fib. ext. of the previous move high and slightly above the 78.6 retracement of last HIGH.
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