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Back Technical analysis
EUR/USD Analysis and Forecast – May 21st: Trump Awaits Iran's Response Within Days
On Wednesday, the EUR/USD pair reversed
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On Wednesday, the EUR/USD pair reversed in favor of the euro and climbed toward the 50.0% Fibonacci corrective level at 1.1630. A rebound from this level would favor the U.S. dollar and resume the decline toward the 61.8% corrective level at 1.1578. A consolidation above 1.1630 would support continued growth toward the next Fibonacci level of 38.2% at 1.1682. The wave structure on the hourly chart currently remains straightforward. The latest completed upward wave exceeded the previous peak by
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Samir Klishi,
Analytical expert of InstaForex
© 2007-2026
Summary
Urgency
Analytic
Grigory Sokolov
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