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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, Bitcoin, and Gold on February 9th
EUR/USDAnalysis:The wave that started in February
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EUR/USDAnalysis:The wave that started in February last year directed the major pair's trend into an upward course. Since the beginning of the current year, the price has been declining, forming a corrective segment (B). Its structure does not show signs of completion at the time of analysis.Forecast:During the upcoming weekly period, euro quotes are expected to continue an overall sideways movement. Over the next couple of days, a pullback toward the resistance zone boundaries is likely. After that, a reversal
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Isabel Clark,
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