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Back Technical analysis
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Back Technical analysis
EUR/USD – April 20th: Market Sentiment Shifts from Optimism to Pessimism
The EUR/USD pair rose on Friday
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The EUR/USD pair rose on Friday to the 61.8% Fibonacci retracement level at 1.1824, then rebounded from it, reversed in favor of the U.S. dollar, and declined to the 50.0% retracement level at 1.1745. A rebound from this level today would favor the euro and a renewed rise toward 1.1824. A consolidation below 1.1745 would increase the likelihood of further decline toward the next Fibonacci level of 38.2% at 1.1666. The wave structure on the hourly chart currently raises no
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Samir Klishi,
Analytical expert of InstaForex
© 2007-2026
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