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Back Technical analysis
EUR/USD. December 16th. A Critical Week for the Euro and Dollar
On Friday, the EUR/USD pair reversed
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On Friday, the EUR/USD pair reversed in favor of the euro and returned to the 323.6% Fibonacci retracement level at 1.0532. A rebound from this level today would favor the US dollar, potentially resuming the decline toward 1.0420. However, in recent weeks, the pair has been in a sideways range, and I do not rule out a new rise for the euro toward 1.0600. The wave structure is simple and clear. The last completed downward wave did not break
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Samir Klishi,
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