EUR/USD: "High Wave" pattern

EUR/USD: "High Wave" pattern

1011eurusdH4.png

There isn't any reversal pattern, so the price is still rising. The main intraday target is the 89 Moving Average, which could be a departure point for another decline.

1011eurusdH1.png

The 89 Moving Average has acted as support, so we've got a "High Wave" pattern, which was confirmed. In this case, the market is likely going to continue rising until any bearish pattern arrives.

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