EURUSD

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One way it could develop

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Another way:
Keep in mind that we will get German data shortly, which is by definition good, so I expect a nice completion of the ABC correction and consolidation for the USD GDP next week

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Third way: This will could make a setup for a trend change. Look for the Euro Net speculative positions on Friday

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It is nice that this looks more and more like ABC correction than the third possible way drawn above

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It would be a nice setup, isn't it ?

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