Euro is trading higher, it’s recovering with sharp reaction higher since US CPI came lower than expected for October. We see price making extension within wave (3) of a new bullish sequence, which is our primary look because of a broken base channel. So euro can strengthen further, but be aware of some intraday 4th wave pullback from the current Fib resistance here at 1.1050 – 1.1100 area. Also, if the price stays in an uptrend with the current sharp rise, then a higher degree correction from the 2023 highs can be finished. A break below 1.070 will be again bearish for the euro.
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