EURUSD Wave 5 of wave C

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 EURUSD daily chart


In my last two articles on EURUSD, I have been continuously saying that the pair can move higher and can make new high going ahead. I am sharing the link of my last two articles below click on it to read.

https://www.marketanalysiswithmeghmody.com/2025/02/eurusd-wave-c-to-start.html

https://www.marketanalysiswithmeghmody.com/2025/04/eurusd-anticipated-happened.html

As seen in the above chart, prices are moving in a higher highs and higher lows and it is on the brink to or might have completed. As of now wave 3 has been at 361.8% and wave 4 has retraced at 38.2% of wave 3 and has started moving higher, thereby opening wave 5 on the higher side. This wave 5 can reach till 38.2% projection of wave 0-wave 3 added to wave 4 which comes to 1.16 levels (minimum) and can extend to 61.8% that is placed at 1.1950 levels.

The bias is positive for EURUSD as it can reach till 1.16 levels (minimum) and  1.1950 (maximum) with stoploss at 1.10. CMP 1.12

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