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Up trend in EUR/USD 15 Minutes chart

Thursday, March 16, 2017 12:17
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sizes="(max-width: 300px) 100vw, 300px" />
Trend is bullish in
EUR/USD currency pair, 15 minutes time frame. Short term support
area is present around 1.0685 level.

Based on Elliott wave analysis, price is  moving sideways
to print Wave 4 pattern. Wave 4 is going to be a Flat or Triangle
pattern. So, expect price action to waste time and then expect a
bullish break out in wave 5.

A good idea is to wait for a bullish break out and then take a
buy trade to ride and trade bullish motive wave 5 leg. However; if
market drops below 1.0685 support level then up trend is going to
end. In this case, I would prefer to stay out of the market and
re-analyze the price action.



Source: http://fxinstructor.com/blog/up-trend-in-eurusd-15-minutes-chart-2

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