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Coleman: Buying EURUSD

Ian Coleman is looking at buying EURUSD. He saw a gap open on Monday at 1.3238 after extensive losses over the last few months. Ian is predicting a corrective rally from the 161.8% extension level, a short-term rally before the Bears appear.

Ian has noted a correction count on the daily chart and seen that the USD index has closed a gap overnight.

So he's looking to buy a dip and potentially form a head and shoulders formation.

Buying at 1.3196

Stop: 1.3166

Targets: 1.3238 and 1.3261

01:17 minutes
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