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SEB: EUR/USD exit from the base formation - eFXnews

FXStreet (Barcelona) - The eFXnews team observe that the SEBis more certain today that an upward reaction in EUR/USD has started.

Key quotes

"The break above 1.2963 has made a bear triangle impossible hence enhancing the upside correction case."

"A couple of possible targets for this correction are 1) 1.3048, the mid body point of the latest falling benchmark candle and 2) 1.3179, 38.2% of wave 3 (4th waves are commonly rather shallow)."

'This content has been provided under specific arrangement with eFXnews.'

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