the EUR/USD is building a bearish reversal. What is the main target for the downside? The GBP/USD also seems to be completing a wave 5 of wave 5 and a larger ABC pattern could take place.
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The EUR/USD has broken the below the rising wedge chart pattern. A larger bearish retracement is expected after price action retests the resistance zone.
The GBP/USD is also expected to test the resistance trend line, which could offer a decent space down to the targets.
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