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Euro / U.S. Dollar
Long

EURUSD

By Pukaaa
EURUSD has confirmed its bullish momentum as it broke out of the ascending channel and successfully closed above the resistance level of 1.112. Additionally, the reversal signals from the 34 and 89 EMA are supporting the current upward trend.

From a technical perspective and through the lens of Elliott Wave analysis, I anticipate that this upward momentum will soon reach the resistance at 1.119, and potentially surpass this level once the fifth wave is completed.
Chart PatternsEURUSDForexTechnical IndicatorsintradaytradelongsetupoptionsstrategiessignalsTechnical AnalysisTrend Analysis
Pukaaa
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