EURUSD 20-25 January 2020

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There is a three drives pattern that could materialize on the eurusd chart. For that to happen, the price has to stay within the uptrend channel and hit the third high. Having accomplished that, the price action will be sent into a bear run to values below 1.1100.
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The price has exited the uptrend channel which has invalidated the three-drives pattern.
EURUSDeurusdlongeurusdshortThree DrivesTrend Lines

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