TheLazyBrother
Long

EURUSD - correcting before continuing up

FX:EURUSD   Euro / U.S. Dollar
EURUSD is likely to have completed an impulse 5 wave up, followed by a sideways correction that may or may not be over yet. Moving averages, blue and especially purple, as well as 0.382 retracement level are offering support around 1.1350 level. Of course, break of 1.1400, proven to be tough resistance, would be important for the bull case, and 1.1450 crucial and decisive, as break of that level would signal reversal of medium term trend from down to up.
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