EU is in a strong bullish trend. But it opens a new monthly candle and breakout 20 EMA on monthly chart. At first i'm waiting to go on upside move to 1.13 / 1.1310 levels and after this move i think a correction move will start to 20 EMA of monthly level (1.1050). Follow the green arrows. Good Luck!!
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First leg is complate. Watch 1.1205 / 1.12 level for any breakout. If we see any breakout price will go on downside till 1.1185 / 1.1140 levels.
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Short after breakout.
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Trend is breaked down. Show will be start with NPF data...
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A leg is complate. The new move will be B leg.
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B Leg is complate. Next Target 1.1040 i think
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The last leg is in play. Thanks for travel for us :)
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.