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EURUSD Wave 2 triangle in progress. 1.0768 is interim support.

Pembelian
FX:EURUSD   Euro / Dollar AS
EURUSD Wave 2 is most likely to be unfolding as a contracting triangle as seen on the hourly chart updated. The adjusted counts presented here are indicating that Waves a, b, and c are likely in place at 1.0768, 1.0986 and 1.0810/20. If the triangle count holds, Wave d should be underway soon towards 1.0940/50, followed by wave e towards 1.0870 respectively. Thereafter, EURUSD bulls are expected to break higher towards 1.1500 as Wave 3 unfolds. A drop below 1.07868 would nullify the triangle count and a flat might be unfolding. Overall structure remains bullish against 1.0636.

Strategy:

Long against 1.0636, targeting 1.1500/1600

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