Over the last 3 years, EURUSD has undergone a classic Wyckoff method accumulation, starting with a selling climax in early 2015, and ending with a Sign of Strength and Backing Up Action in the second half of 2017. The Mark Up phase is well underway, and horizontal Point and Figure counts that span the width of the accumulation point to the potential for new highs above 1.60, possibly to 2.31 - 2.43. Look for a pullback to the uptrend or the resumption of the mark up following a re-accumulation period.
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