TraderEye Market View: The EURUSD currency pair completes an AB=CD harmonic move

Thursday, August 29, 2024

The EURUSD currency pair completes an AB=CD harmonic move

The EURUSD currency pair is still in long-term positive territory due to the breakout of a converging triangle on a weekly time frame. Currently, a harmonic move of the AB=CD type is ending and is expected to strengthen again.

Attached is a 4-hourly chart that sets the structure of the pattern:

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