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Back Wave analysis
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Back Wave analysis
EUR/USD Analysis – February 17th. The Calm Continues
The wave structure on the 4-hour
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The wave structure on the 4-hour chart has taken on a less-than-ideal form, but it does not raise serious questions. There is still no talk of canceling the upward trend segment that began in January last year; only its internal wave structure is periodically being adjusted. In my view, the pair has completed the formation of global wave 4 (lower chart). If this assumption is correct, then wave 5 has begun and is currently unfolding. It may turn out to
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Chin Zhao,
Analytical expert of InstaForex
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