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EURUSD: ⬆️ Buy
– EURUSD reversed from support zone
– Likely to rise to resistance level 1.1740
EURUSD currency pair recently reversed up from the support area between the strong support level 1.1570 (which has been reversing the price from August), lower daily Bollinger Band and the support trendline of the daily up channel from July.
The upward reversal form this support zone stopped the previous minor correction 2 of the higher order impulse wave (3) from the start of October.
Given the clear daily uptrend and the strong euro sentiment, EURUSD currency pair can be expected to rise to the next resistance level 1.1740 (which stopped the previous impulse wave 1).
Source: https://fxpro.news
