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Back Technical analysis
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Back Technical analysis
EUR/USD: May 1st – The ECB Maintains a Wait-and-See Approach
On Thursday, the EUR/USD pair rebounded
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On Thursday, the EUR/USD pair rebounded from the 38.2% corrective level at 1.1666, reversed in favor of the euro, and rose almost to the 50.0% Fibonacci level at 1.1745. A rebound from the 1.1745 level today will favor the US dollar and a resumption of the decline toward 1.1666. Consolidation above 1.1745 will increase the likelihood of further growth toward the 61.8% corrective level at 1.1824. The wave situation on the hourly chart currently raises no questions. The last
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Samir Klishi,
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