$EURUSD Trending On The Weekly Chart - 12 Week Rally to 112

Using the Time At Mode (Time@Mode) technique, we can see how the $EURUSD has built a base of 12 weeks and has moved strongly up and away from that accumulation level (called the "mode" or most frequent price since the bottom was reached) by forming a range expansion rally. The yellow triangle shows the range expansion move.

Look for a move up to the target as shown by the upper right corner of the green box where the yellow arrow tops out.

Tim

10:09AM EST

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TARGET REACHED in 1 week

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I like how the $EURUSD held onto the price gain and built a higher mode for another move up.