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Back Technical analysis
EUR/USD. March 12. The War in Iran Is Unlikely to End Soon
The EUR/USD pair continued its decline
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The EUR/USD pair continued its decline throughout Wednesday and consolidated below the 100.0% corrective level at 1.1577. Therefore, the downward movement may continue toward the next Fibonacci level of 127.2% at 1.1440. If the pair closes above 1.1577, it would favor the euro and the resumption of growth toward the 76.4% corrective level at 1.1696. The wave structure on the hourly chart remains clear. The most recently completed downward wave broke the low of the previous wave, while the
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Samir Klishi,
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