The uptrend line still strong enough support corrections as the EUR/USD has pulled back to just below the 1.5000 level. While is break of the psychological level does show that there is selling pressure to the “000″, this is hardly a break that has broken the back up the uptrend.
Look for for a corrective entry off the uptrend line support of the wedge and keep in mind that there is 34ema Wave support extending down to the 1.4940 level.
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