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Back Wave analysis
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Back Wave analysis
EUR/USD Analysis – May 18th: Impact of Recent Geopolitical Developments on Market Direction
The wave pattern on the 4-hour
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The wave pattern on the 4-hour EUR/USD chart has changed. There is still no question of cancelling the upward trend segment (lower chart) that began in January last year; however, the wave structure of the trend has now taken on a corrective form. In the long term, a wave C may develop, with its low expected to be below the low of wave A. At the moment, such a strong decline in the euro is difficult to believe, but the
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Chin Zhao,
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