Daily

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Prepared by Jamie Saettele, CMT

I favor a EURUSD run into the 15000s over the next few months but it doesn't make sense to get long until price either exceeds 14516 or there is sufficient evidence to suggest that the correction is complete at lower levels. The above count, in which a b wave triangle has been unfolding since the May low, is one of many possibilities at the current juncture.