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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 — December 29th
EUR/USDAnalysis:When analyzing the euro market, the
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EUR/USDAnalysis:When analyzing the euro market, the focus remains on the upward wave that began on August 26 of this year. From a strong potential reversal zone over the past month, prices have been forming a corrective extended flat. The correction structure lacks its final part (C), while the middle part (B) is nearing completion. Price is moving along the upper boundary of a powerful potential reversal zone.Forecast:In the coming week, the euro is expected to maintain a generally sideways price
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Isabel Clark,
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