Good day traders!
Decline on 30min chart of EUR/USD looks slow and overlapping down from 1.2296 so we assume it's a corrective move; ideally three subwaves in wave iv which may look for a nice area of support at 1.2185/1.2200 area. That said, we think that uptrend remains in play for the EUR/USD at least for one more push up to 1.2350. Rise above 1.2270/80 area would be strong evidence for more upside.
Disclosure: Please be informed that information we provide is NOT a trading recommendation or investment advice. All our work is for educational purposes only.
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