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Back Technical analysis
EUR/USD, April 21st: ECB in a Difficult Position
The EUR/USD pair showed a slight
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The EUR/USD pair showed a slight increase on Monday after rebounding from the 50.0% Fibonacci level at 1.1745, moving toward the 61.8% corrective level at 1.1824. Today, a rebound from the 1.1824 level or a consolidation below the 1.1745 level will favor the US dollar and a resumption of the decline toward the 38.2% retracement level at 1.1666. The wave situation on the hourly chart currently raises no concerns. The last completed upward wave broke through six previous
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Samir Klishi,
Analytical expert of InstaForex
© 2007-2026
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