EURUSD: Today we can with a higher degree of certainty call for anupward reaction to have started. The break above 1.2963has made a bear triangle impossible hence enhancing theupside correction case. A couple of possible targets for thiscorrection are 1) 1.3048, the mid body point of the latestfalling benchmark candle and 2) 1.3179, 38.2% of wave 3(4th waves are commonly rather shallow).
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