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Euro still rising

Euro still rising | 22 May 2017

22 May 2017, EUR/USD

Euro still rising

Wave Analysis:

For almost euro has been rising incessantly and is still bullish on the higher time frames. The current chart set up and structure is very much bullish therefore selling of holding onto sell positions in this pair may not be recommended. With that in mind, we expect a possible bullish price movements towards 1.1296 and may break higher but should not go beyond 1.1968. Expect a similar wave count in GBPUSD, AUDUSD, NZDUSD and EURHKD. These pairs will have a similar price action during this intraday. These pairs will have a similar price action during this intraday. Only buy or sell Sell EUR if the other pairs are giving the same signal.
Trade Recommendations:
Expect a possible bullish price rally towards 1.1296

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Bob Stan
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