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Back Technical analysis
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Back Technical analysis
EUR/USD – April 23rd: America Prepares for a Prolonged War
The EUR/USD pair continued its decline
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The EUR/USD pair continued its decline on Wednesday after consolidating below the 50.0% retracement level at 1.1745, heading toward the next Fibonacci level of 38.2% at 1.1666. A rebound from the 1.1666 level would favor the euro and lead to some growth toward 1.1745. Consolidation below 1.1666 would increase the likelihood of further decline toward the 23.6% retracement level at 1.1568. The wave situation on the hourly chart currently raises no concerns. The last completed upward wave broke
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Samir Klishi,
Analytical expert of InstaForex
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