EURUSD 4Hr
The EURUSD looks poised to break out of a running triangle pattern. This is a type of contracting triangular pattern in which wave B extends beyond the origin of wave A, this type of pattern is usually seen in 4th waves.
Prices are expected to fall to around 1.3275, if prices however managed to breakout to the north then 1.3513 which represents a 50% retracement of the down move starting from the July high, would be the next major price level to look out for.
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