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Back Wave analysis
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Back Wave analysis
EUR/USD Analysis – June 29th: Iran and the United States Sign Another Ceasefire Agreement
The 4-hour wave structure for EUR/USD
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The 4-hour wave structure for EUR/USD continues to grow more complex. There is still no indication that the broader bullish trend, which began in January of last year (see the lower chart), has been invalidated. However, the wave structure has now taken on a corrective form. From a long-term perspective, wave C is expected to develop, with its low projected below the low of wave A. At present, the low of wave C has already moved below the low of
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Chin Zhao,
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