the EUR/USD showed bearish momentum but a breakout is needed. A break above 1.1205 indicates bull control. The GBP/USD is building a triangle pattern and a bearish ABC within wave C is likely.
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The EUR/USD break above 1.1168 makes a bearish 5 wave pattern unlikely. A bearish breakout is aiming first at 1.11, then at 1.10. A bullish breakout is aiming at 1.1275.
The GBP/USD is expected to either break below 1.31 or make a bearish bounce at 1.3250.
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