EUR/USD breakout with Major-3-(3)-3 soon (Nikita FX )
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Dual IH&S of EUR/USD was little bit changed, but Fib.88.6% neckline should be breached very soon due to its wave Major-3-(3)-3.
EUR/USD was able to have a Weekly close above Blue Q line (mid-term descending Resistance line since 1.2569(14.12/16)) at 4th trial so far which shows a very good sign. However we are still below Blue P & R lines, so it takes a little bit more time to breakout upward.
Major-3-(1) had 561 pips, so target of Major-3-(3) will be at 1.1955. Larger IH&S target will be also 1.2113
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.