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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 January 26th
EUR/USDAnalysis:On the chart of the major
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EUR/USDAnalysis:On the chart of the major euro pair, an upward trend has been dominant since February of last year. As a result of price growth, quotes have reached the lower boundary of a large-scale potential reversal zone. Since July, a bullish wave in the form of an expanded flat has been developing and remains unfinished at the time of analysis. Its structure lacks the final segment (C).Forecast:Over the next week, an overall upward movement of the euro between the nearest
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Isabel Clark,
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