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Back Wave analysis
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Back Wave analysis
Weekly Forecast Based on Simplified Wave Analysis for EUR/USD, USD/JPY, GBP/JPY, USD/CAD, NZD/USD, and Gold on January 20th
EUR/USDAnalysis:Since August last year, the euro
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EUR/USDAnalysis:Since August last year, the euro major pair has been developing a descending contracting flat pattern. The price decline brought quotes to the upper boundary of a strong weekly-scale potential reversal zone. Over the past three weeks, the price has moved sideways between opposing zones.Forecast:This week, the euro is expected to continue its sideways movement. In the next couple of days, pressure on the support zone is likely, with a possible brief break below its lower boundary. Subsequently, the price
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Isabel Clark,
Analytical expert of InstaForex
© 2007-2025
EURUSD
Euro vs US Dollar
Summary
Neutral
Urgency
1 week
Analytic
Vyacheslav Ognev
Start trade
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