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Back Technical analysis
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Back Technical analysis
EUR/USD: November 15. GDP Grows, but Industrial Production Declines in the Eurozone
On Thursday, the EUR/USD pair declined
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On Thursday, the EUR/USD pair declined to the 323.6% Fibonacci retracement level at 1.0532, but by the end of the day, it rebounded from this level. This indicates the initial signs of a potential reversal in favor of the euro, with a possible rise toward the 261.8% Fibonacci level at 1.0662. However, consolidation below 1.0532 would increase the likelihood of further declines toward the next target at 1.0420. The wave structure remains clear. The last completed upward
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