EURUSD is targeting higher
EURUSD is breaking higher above the 1.2000. A confirmed break above this resistance is giving us a higher probability of the long trade entries. A break below 1.19400 is now required for the downside reversal. The overall medium-term is an uptrend and we need to see and we are seeing a confirmed break above the 1.2000 for the upside extension in the 5th wave to 1.2600. Any dip to the 1.19500-1.2000 zone should be used for the long trade entries.
Note – We are inclined to long trade entries with the stop loss below 1.19500.
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