The uptrend has been clearly established since EDG/USD is printing higher highs and higher lows and broke above the strong around $7.5. On a following corrective wave down Edgeless moved back to test the uptrend and the 200 Moving Average, both of which have been rejected.
All these facts suggest that trend is and is likely to continue.The upside target is seen at $1.6, that is 227.2% level applied to the corrective wave after the resistance breakout. This target goes inline with the extended upper .
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