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Wait | 10 August 2021

10 August 2021, EUR/USD

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Wave Analysis

Currently, euro is rallying within a range not going above the upper trendline or below the lower trendline, if the price should rebound from the lower trendline, we will be looking for a possible buy towards the upper trendline, and in case the price breaks below the same trendline, then we will be expecting further momentum to the lower side and should break below n1.37725 and may extend much lower with the next ideal target set at 1.36370.

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Bob Stan
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