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December 03, 2020 at 03:16PM
• EURUSD rising inside impulse waves 3 and (C)
• Likely to rise to 1.2300
EURUSD continues to rise inside the sharp upward impulse wave 3 – which previously broke above the powerful resistance level 1.200.
The breakout of the resistance level 1.200 accelerated both of the active nested impulse waves 3 and (C).
Given the clear daily uptrend – EURUSD is expected to rise further toward the next resistance level 1.2300 (target price for the completion of the active impulse wave 1).
From: The FxPro Tech Analysis Team https://fxpro.news/market-snapshots/eurusd-wave-analysis-3-december-2020-20201203/
Selected by fonecable.com
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