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EUR/USD – Much more Upside potential ahead

EUR/USD – Much more Upside potential ahead

4 Years ago | August 24, 2015 00:00:00

The Euro has rallied nicely to multi-month Triangle resistance (refer Daily Chart below) and I am expecting this resistance to give-way; extending the Euro’s advance a lot further over coming days.

More specifically, from an Elliott Wave perspective, I am interpreting EUR/USD to be in minor 3rd Wave rally, with a mathematical upside target about the 1.1605 level.

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