the EUR/USD showed strong bullish momentum yesterday afer bouncing at the 1.11 support zone. Price seems ready for a continuation towards 1.1250-1.13. The GBP/USD corrective zone could be a wave 4 and a retest of 1.30 is likely.
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The EUR/USD remains bullish as long as price stays above the 50% Fibonacci retracement level at 1.1125.
The GBP/USD bulls need to break above 1.30 for an uptrend. A bearish bounce could indicate an ABC pattern.
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