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EURUSD Long Scenario 330 pip 1.17 Target

The EURUSD pair is currently in the 5th wave of an ending diagonal . After a break of the top trendline of the ending diagonal , anticipate a retest of the top trendline for entry. If this opportunity does not present itself after the break, then enter on a lower time frame when consolidation occurs above the break.

Take profit on the green trendline and await confirmation to sell.

Below you’ll find my monthly analysis of the EURUSD pair.

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