EURUSD: The exit from the fifth wave falling wedge (a terminatingpattern) is expected to cause more short covering as pricesare set to move higher. The best fitted hourly wave patterncalls for a minor setback to have been completed yesterdayat 1.2419 and that the next step now should be a break of1.2498 initiating the next move up to the mid 1.25’s. Thecorrection case will turn obsolete if we pass the 1.2394support.
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