The pair has formed the full Elliot wave pattern.
As bullish break-out of the range bound areas happened in the previous week and it is now pull-back & retesting the area.
so, It is expected to be bullish with the profit target 1.19645.
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The day chart of EUR/USD shows that after the triangle wave formation , the pair was breached out of the symmetrical triangle which formed the clear sell set up now
so, it is expected to be bearish and would reach the targets respectively
The chart clearly indicates the pair is in corrective wave pattern
It is also going to retest the long term broken support trend
we expect the pair to be strong selling pressure after the resistance with in channel reacts well...