EURUSD is in a recovery mode, now above the upper EW ending diagonal line, which can be first evidence that the trend is temporarily turning from bearish to bullish. We labelled a possibly of acompleted higher degree impulse as wave A at the low, so current turn up can be leading diagonal; start of a higher degree wave B. that can take us even back to 1.12 or 1.130 level. However, before I may look for some long idea on that one I preffer to wait on a retracement in three legs back to 1.1 zone.
Trade well,
Grega
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