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Back Technical analysis
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Back Technical analysis
EUR/USD: November 29th — Thanksgiving in the U.S. Benefits the Euro
On Thursday, the EUR/USD pair rebounded
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On Thursday, the EUR/USD pair rebounded from the 323.6% corrective level at 1.0532, indicating a shift in favor of the euro. This suggests the upward movement might continue toward the next corrective level at 261.8% – 1.0662. However, a close below the 1.0532 level appears more likely, as the bearish trend persists. Such a move would point to a likely return to the 1.0420 level. The wave structure remains straightforward. The most recent completed downward wave broke below the
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Samir Klishi,
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