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Back Technical analysis
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Back Technical analysis
EUR/USD – June 16th: Lagarde Highlights the Second Wave of Inflation
The EUR/USD pair consolidated above the
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The EUR/USD pair consolidated above the 61.8% Fibonacci retracement level at 1.1578 on Monday but returned to this level by Tuesday morning. A rebound from 1.1578 today would once again favor the euro and support a renewed advance toward the 50.0% retracement level at 1.1630. Consolidation below 1.1578 would allow traders to expect a continuation of the decline toward the 76.4% Fibonacci level at 1.1514. The wave structure on the hourly chart remains straightforward at this stage. The most
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Samir Klishi,
Analytical expert of InstaForex
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