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Wait | 23 April 2021

23 April 2021, EUR/USD

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Wave Analysis
Earlier this week, Euro established a swing high around 1.20815. This is a key level and while the price does not clearly breakout and close beyond it, we are on the sidelines, we are waiting for a clear rejection from it to pick a possible sell position, or a breakout above it to mean we are still continuing upwards with the next ideal target set at 1.22150. If the price goes above this swing, then we are buyers. Also, if the price pulls back to the lower side towards 38.2% fib level, then we will be looking for a buy.
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