Overall swing structure of EURUSD is bullish, having price previously breaking 1.09160 high.
We have had quite a healthy pullback (which established an internal bearish structure). Price is indicating a potential end to the bearish corrective phase, showing a clear rejection at the 27%-61.8% fib extension area and a likely start of an impulsive move to the upward side to continue the overall bullish swing structure.
Looking forward to seeing price break the fractal high at 1.08358.
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