the EUR/USD made a new higher high yesterday, which seems to be an extension of wave 1 (green) within wave A (blue). Eventually a bearish pullback is expected as part of a wave 2 (green) pattern.
The EUR/USD could build an inverted head and shoulders reversal chart pattern, which are indicated by the purple boxes. A bullish continuation is expected towards the 23.6% Fibonacci retracement level of wave B vs A (light purple).
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Good trading, Chris Svorcik