The wave 3 that Jamie has put the EURUSD is playing out, and perhaps more quickly than we had expected. High volatility has driven the pair beyond the July 3rd high just around 1.5900. However, given the retracement of the early morning break, it is unlikely that the pair will make a concerted test of record highs before the weekend liquidity drain. However, looking through to next week, the late-April swing high is likely to be a target for wide euro buying.
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STRATEGY: Bullish, against 1.5611, target is above 1.6018 (near 1.63)