Elliott Wave Analysis: EURUSD Breaking Higher, Approaching 1.2

EURUSD has turned up in the last two weeks; it broke above the channel resistance line that normally confirms a previously completed move; in our case that was finished a-b-c decline from September high. As such, it seems that wave four on a daily time frame came to an end about we talked a lot in the past which means that more gains may follow now within higher degree wave five, currently within subwave three that might have started from 1.1712 now underway to 1.2.

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