Since the 0.95 low two weeks ago, Euro bears seem to have lost power, and, after an initial reversal of 500 pips signaled by a Morning Start candle formation, bears couldn't take control again for a new low and the pair stopped its descent at 0.96 zone. Yesterday we have a strong green day and a close above 0.98 and, at this point 0.96 can be a confirmed higher low. Since mid-September EurUsd is drawing a symmetric triangle on our chart and the break could give us direction for the next few weeks into the end of the year. A break above 0.99 could lead to a long waited real correction for the pair with a target in 1.03-1.04 zone resistance and, on the other hand, a break back under 0.97 could lead to a new low.
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