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Back Technical analysis
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Back Technical analysis
EUR/USD: April 29th – Will the FOMC Adopt a More Hawkish Stance?
On Tuesday, the EUR/USD pair continued
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On Tuesday, the EUR/USD pair continued its decline toward the 38.2% corrective level at 1.1666, and bearish pressure persists on Wednesday. A rebound from this level would favor the euro and some growth toward the Fibonacci level of 50.0% – 1.1745. A consolidation below 1.1666 would increase the likelihood of further euro decline toward the next corrective level of 23.6% – 1.1568. The wave structure on the hourly chart currently raises no concerns. The last completed upward wave broke
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Samir Klishi,
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