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EUR/USD – MT Corrective Structure Still Holding Above 1.1130 (4h chart)
During the last 4 weeks, the EUR/USD has been trading within a ~150 pip corrective structure between 1.1130 & 1.1280.
IMO, the probabilities are in favor of another impulsive move following this impulsive/corrective structure, which would be in line with our commentary on the 4th were we mentioned that this pair is closing in on a major multi-year resistance.
To the upside, minor resistance comes in at 1.1280 and the major multi-year resistance is waiting at around 1.140/45.
To the downside, if this corrective structure should fail, we …... Keep reading