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Euro / U.S. Dollar
Long

EURUSD: Still Bullish BUT ...

By VasilyTrader
Updated
snapshot

As I have predicted earlier, EURUSD has successfully bounced from 1.206 horizontal structure support.
This week the price has set a nice local bullish trend on 4H with a higher low and two higher highs.
I remain bullish biased and expect more growth, HOWEVER:

Now we see a completed harmonic abcd pattern formation.

For next week there are two potential scenarios:
1) The price may retrace from D point of ABCD and only then continue growing
or
2) The price may just continue growing to new highs

Safe option is always to wait for a pullback first.
Note
Check my new idea on EURJPY:
EURJPY: Consolidation Short Trade
Chart PatternsdollarEUReuroEURUSDForexHarmonic PatternsswingTechnical AnalysistradingTrend AnalysisUSD
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