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Back Technical analysis
EUR/USD Analysis and Forecast – May 27th: ECB Prepares for Tightening, Euro Remains Unresponsive
The EUR/USD pair posted a slight
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The EUR/USD pair posted a slight decline on Tuesday. However, I would not place much emphasis on yesterday's consolidation below the 50.0% retracement level at 1.1630 or this morning's consolidation above that level. Trader activity has remained extremely low in recent days, so what we are currently observing is merely ordinary market noise. At this stage, traders see no strong reasons either to buy the euro or to buy the U.S. dollar. The wave structure on the hourly chart
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Samir Klishi,
Analytical expert of InstaForex
© 2007-2026
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Grigory Sokolov
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