I wrote yesterday that “the EURUSD is either headed lower in a terminal thrust from a triangle or is headed higher following completion of an ending diagonal. Given the media’s focus on the euro decline, the latter seems more likely.” A larger EURUSD rally, probably a 4th wave, to 13870-14030 is underway. 4th waves are often choppy, usually a flat or triangle. Near term, I am looking for a dip below 13600 in order to get long.
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