EUR/USD W1 chart
The pair appears to be completing the BUEC/LPS before heading back up for another SOS. We can see large accumulation taking place since 2015 and the expectation is for the EUR to increase in value against the USD. This seems to align with the bigger DXY picture which shows the USD continuing to lose value against its basket of majors. A close above the McGinley Dynamic, which price is currently sitting just under as it attempts to push through from the bottom should set the rest of the outlined movement into motion.
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