Wave 3 is ready to unfold towards at least 1.8147
EUR/USD began a major upswing in October 2000 from a low of 0.8231. Wave 1 or A moved up to a high of 1.6038 from where wave 2 or B initiated. Wave 2 or B completed with the test of 0.9536 in late September 2022 and wave 3 or C has been in its infancy since then. We have seen circle wave 1 move up to 1.1276 and circle wave 2 followed with an almost perfect 61.8% correction of circle wave 1 to complete at 1.0176 and circle wave 3 should now be expected towards at least 1.3000 and more likely extend much higher towards 1.6500.
Short-term a break above minor resistance at 1.0467 will be a strong indication that circle wave 2 is done and circle wave 3 is working its way higher.
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