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Back Wave analysis
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Back Wave analysis
EUR/USD Analysis – May 20th: Will the ECB Keep Interest Rates Unchanged in June?
The wave pattern on the 4-hour
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The wave pattern on the 4-hour chart for EUR/USD has changed somewhat. There is still no indication that the upward trend segment (shown in the lower chart), which began in January of last year, has been canceled. However, the trend structure has now taken on a corrective form.In the long term, a wave C formation can be expected, with its low likely positioned below the low of wave A. At the moment, it is difficult to believe in such a
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Chin Zhao,
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Summary
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