We continue to monitor the decline from 0.9500 as a wave iv correction and continue to look for a move closer to 0.8995 before turning higher towards the ideal target at 0.9742. That said, we have to consider the possibility of a triangle developing as wave iv. If this is the case, then we should see resistance at 0.9388 protect the upside for a dip closer to 0.9122 to complete the triangle and then rally higher towards the expected target at 0.9742.
We are looking to buy EUR at 0.9010 or upon a break above 0.9390
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
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