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Back Technical analysis
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Back Technical analysis
EUR/USD. October 16th. The Euro Doesn't Expect Anything Good from Lagarde
On Tuesday, the EUR/USD pair continued
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On Tuesday, the EUR/USD pair continued its decline toward the 161.8% Fibonacci retracement level at 1.0873. A rebound from this level could signal a potential reversal in favor of the euro and some growth toward the resistance zone of 1.0929–1.0946. However, consolidation below 1.0873 would support further declines toward the next support zone at 1.0793–1.0797. Bears maintain sustained pressure. The wave structure has become slightly more complex in recent weeks, but there are no significant concerns. The last completed
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