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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 Bitcoin on February 23rd
EUR/USDAnalysis:The unfinished bearish wave structure on
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EUR/USDAnalysis:The unfinished bearish wave structure on the chart of the European currency major has been counting from the spring of last year. In the larger wave model, this wave forms a running flat. Since January 27, the final segment (C) has been forming within the wave structure. At the time of analysis, quotes are within the daily time frame's potential reversal zone.Forecast:In the coming days, a gradual move of the euro toward the calculated support area is expected. After that,
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Isabel Clark,
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