Are EURUSD Bears Overstaying There Welcome?

Well, it seems like EURSUD has found support and completed a 5-3 wave cycle with a leading diagonal in wave 1 and triple three corrective pattern in wave 2.

The corrective structure fits perfectly in a bearish channel and testing a previous bottom which is also a weekly support zone. The Price has the potential to move higher from or near the current level and travel at least the size of wave 1.

Entry Criteria:
The breach of the blue lines or the trend channel is conservative way to confirm the resumption of the uptrend.

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