Yesterday I showed this less bullish count in EUR/USD calling for one more low ending black circle wave 1 of wave [C] down, which we saw with the test of 142.18. The break above the light green channel resistance do call for a black circle wave 2 up to the 147.77 - 147.90 area, which is where we finde the top of wave 4 of a lesser degree and the 61.8% retracement target of black circle wave 1 down.
Short positions in EUR ag. USD should be closed or at leasted cut in half.
A move towards the 147.77 - 147.90 area should be used to created new short positions in EUR ag. USD.
Only intra day traders should buy EUR ag. USD with a stop just below 142.18.
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