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Back Wave analysis
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Back Wave analysis
EUR/USD Analysis – June 24th: Weak European PMI Data Continues to Pressure the Euro
The wave pattern on the 4-hour
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The wave pattern on the 4-hour chart for EUR/USD continues to become more complex. There is still no reason to speak of the cancellation of the upward trend segment (lower chart), which began in January of last year. However, the trend structure has now taken on a corrective form. From a long-term perspective, wave C is expected to develop, with its low likely positioned below the low of wave A. At present, such a significant decline in the euro is
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Chin Zhao,
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