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Back Technical analysis
EUR/USD. April 7th. The Market Is Still Waiting for Trump's Decision
The EUR/USD pair traded sideways on
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The EUR/USD pair traded sideways on Monday below the 100.0% corrective level at 1.1577, maintaining the likelihood of further decline toward the Fibonacci level of 127.2% – 1.1440. A consolidation above the 1.1577 level would favor the euro and some growth toward the 76.4% corrective level at 1.1696. The wave structure on the hourly chart has taken on a rather complex appearance. All recent waves have formed within roughly the same price range and are similar in size. Thus,
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Samir Klishi,
Analytical expert of InstaForex
© 2007-2026
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