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Elliott wave analysis: EURUSD Looking Higher

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Hello traders,

EURUSD found a base at the 1.098 area, from where a strong rally started to take place. Latest rise can be first evidence of a completed double zig-zag correction, and that further bullish development may follow. We are now observing a wave i of a new bullish cycle, which can look for resistance at the 1.109 region.

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EURUSD, 4h

eurusd, 4h

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