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Old 08-02-2021, 06:49
MikhailLF MikhailLF is offline
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Join Date: Sep 2017
Posts: 795
Default Re: Forex News Analysis by LiteForex

EUR/USD: wave analysis

The pair may fall.

On the daily chart, the first wave of the higher level 1 of (3) developed, and a downward correction forms as the second wave 2 of (3). Now, the wave a of 2 is developing, within which the third wave of the lower level (iii) of a has formed, and a local correction is developing as the wave (iv) of a. If the assumption is correct, after the end of the correction, the pair will fall to the levels of 1.18801.1684. In this scenario, critical stop loss level is 1.2191.



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