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The Euro is at an important resistance level at 1.1755, this level of the recent highs, the blue line marks the upper end of a triangle. Bullish or Bearish will depend on the eventual breakout. However near term I think we can expect it to move down from the upper end to the lower end. Two lower lines shown are at 1.158 and 1.150. The two alternate wave counts are on the chart, and both have different medium term implications.

euro 230718

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