Tue, Feb 07, 2023 @ 05:28 GMT
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EUR/USD Moving into Resistance

EURUSD has been in a nice and strong recovery from 0.9730 from where we can count five waves up, so wave (C)/(3) might have come to an end especially if we consider a divergence on the RSI. As such, a minimum of three waves of a pullback can be in play down from 1.06-1.07 resistance based on two 4h wave counts. Support is at 1.03-1.02.

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