EUR/USD recently reversed up from the support area lying at the intersection of the key support level 1.1840 (which has been reversing the price from the end of August), lower daily Bollinger Band, 50% Fibonacci correction of the previous sharp upward impulse from the middle of August and the support trendline of the daily up channel from April. The upward reversal from this support area continues the active impulse waves 3 and (5). EUR/USD is expected to rise to the next buy target at the next resistance level 1.2075.
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