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Elliott Wave Analysis: EURUSD Could Face A Significant Turning Point

Elliott Wave Financial Service
By Elliott Wave Financial Service

EURUSD reached new highs on Friday as expected after previous fall in three waves down to 1.1106 which was identified as a contra-trend move. As such, pair can be running into some final stages of a bigger recovery seen on daily chart, but there is still room for 1.1320-1.1360 area before some bearish reversal may show up this week.

EURUSD, 1H

Elliott Wave Financial Service
Elliott Wave Financial Servicehttp://www.ew-forecast.com/
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