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Back Technical analysis
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Back Technical analysis
EUR/USD: April 28th – The Key Events Are Still Ahead
The EUR/USD pair on Monday returned
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The EUR/USD pair on Monday returned to the 50.0% retracement level at 1.1745, rebounded from it, and reversed in favor of the US dollar. Thus, the decline may continue today toward the 38.2% Fibonacci level at 1.1666. Consolidation above the 1.1745 level will favor the euro and a resumption of growth toward the 61.8% retracement level at 1.1824. The wave structure on the hourly chart currently raises no concerns. The last completed upward wave broke six previous peaks, while
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Samir Klishi,
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