On the four-hour timeframe, we can see a well-formed five-wave impulse like a perfectly baked croissant, crisp and structured. Right now, a correction is unfolding, most likely aiming for the 1.035–1.030 zone.
That’s where we might consider grabbing some euros, with a target of 1.06 and, if the market is feeling generous, an extended target of 1.07.
Just don’t forget your stop-loss — markets love surprises!
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