EURUSD The Channel now shows 1.2300

This is an update on my December 04 idea:

EURUSD Pull back possible on Bearish MACD Cross


The Channel Up is holding well and as the 4H MA50 (blue trend-line) continues to provide Support, the next Higher High target becomes 1.2300. See how the MACD is replicating the exact same sequence of the previous Higher High leg.



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