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Back Wave analysis
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Back Wave analysis
EUR/USD Analysis – November 2: Market Uncertainty Ahead of the US Elections
The 4-hour wave structure for EUR/USD
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The 4-hour wave structure for EUR/USD has become more complex. On the higher timeframe (lower chart), the downward section of the trend has taken the form of a five-wave structure, A-B-C-D-E, which could be completed at any time, as it appears to be fully developed. All the waves in this section are approximately equal in size, which is why this structure is considered corrective. If this assumption is correct, an impulsive upward section of the trend will begin once it
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