Euro/US Dollar 03-05
A larger EURUSD rally, probably a 4th wave, may be underway towards 13870-14030. 4th waves are often choppy, usually a flat or triangle. An impulsive rally from 13433 and corrective decline from 13738 may be complete. This is bullish but I am uncomfortable with long positions at this point with equities testing key resistance levels (another view is presented with the USDCHF).
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