EURUSD made a new sharp and strong leg higher, which we see it as primary blue wave one, followed by an upcoming wave two. If that is the case, then previous three-wave decline found a base at the 1.1804 level and current sharp reversal is an indication for more upside to follow. However, if prices makes a new bigger drop below the 1.1804 swing low, then maybe a-b-c is still in progress with a deeper pullback.
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