EURUSD is testing the reversal breakoutÂ
EURUSD has pulled back from medium-term triangle upper resistance 1.2240. It has bounced off the 1.1800 support for another swing price action inside the triangle as it seems. Now only a break below 1.1800 will lead to a bigger pullback lower and a test of the 1.15000. We are still within the 3rd Elliott Wave higher and this could be a flat correction in the 4th wave for a continuation higher. For the upside extension of this bounce, we need to see a confirmed close above the 1.1840.
Note: you can take the long trade upon a break above 1.1840
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