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Bullish Garley/222 pattern at EUR/USD

FIB61.8 (1.09939 - light green horizontal line) of upswing XA almost coincides with ABCD161.8, which makes a bullish gartley/222 pattern on D1/daily time-frame. The round no. 1.10000 also coincides with support cluster area formed between the FIB level and ABCD161.8, that makes this area even more significant.


It still keeps the chances of bullish continuation of EUR/USD intact. Earlier we had similar outlook (view Anand's comment on previous post). If EUR/USD makes a bullish candle or chart pattern on H1 even after closing of D1 slightly below FIB61.8, chances of bullish reversal will still be on the table. However, if prices goes to D area but doesn't close below the FIB level; it will plot stronger scenario for bullish reversal.



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