See also
EUR/USD broke below support at 1.0153 which told us that wave i was completed with the test of 1.0269 and the corrective decline/consolidation in wave ii was unfolding. Apparently, this wave ii's correction completed with the test of 1.0130 and we should ideally see resistance at 1.0269 be broken for a rally towards at least 1.0643 and possibly even higher than that.
Support is now seen in the 1.0176 - 1.0182 area which ideally will act as a pivot point for the next rally towards and likely break above resistance at 1.0269.
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*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
In the upcoming week, the British pound is highly likely to follow a general sideways trajectory. A brief price decline is expected early in the week. Toward the weekend, volatility
At the beginning of the upcoming week, the European currency is expected to continue moving sideways along the calculated counter-trend zones. A downward movement is more likely at the start
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