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Back Wave analysis
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Back Wave analysis
Weekly Forecast Based on Simplified Wave Analysis for EUR/USD, USD/JPY, GBP/JPY, USD/CAD, NZD/USD, and Gold on February 16th
EUR/USDAnalysis:On the chart of the euro,
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EUR/USDAnalysis:On the chart of the euro, a downward wave that began in April of last year is still unfolding. It has the form of a descending flat. Since January 27, the beginning of wave segment (C) has been forming, with reversal potential. At present, the price is located near the lower boundary of a strong potential reversal zone.Forecast:At the beginning of the week, the euro is likely to maintain a sideways price movement. A pullback toward the resistance zone and
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Isabel Clark,
Analytical expert of InstaForex
© 2007-2026
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