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Wait | 21 December 2021

21 December 2021, EUR/USD

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Wave Analysis

Yesterday, Euro rallied to the upper rallied to the upperside and is now above the lower trendline. As it is right now, while we continue to see sustenance above this trendline. I expect nothing but further momentum to the upper trendline but should not break any higher. On the flipside, should the price again break below the lower trendline, then further momentum to the lowerside is expected with an ideal target set around 1.11881.

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Bob Stan
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