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Back Technical analysis
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Back Technical analysis
EUR/USD. March 11. Bulls gained momentum
During Tuesday, the EUR/USD pair continued
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During Tuesday, the EUR/USD pair continued its upward movement after consolidating above the 100.0% corrective level at 1.1577. Therefore, the euro may continue to rise today toward the next Fibonacci level of 76.4% at 1.1696. The trend is beginning to shift toward bullish as geopolitical support for the dollar starts to weaken. On the hourly chart, the wave structure remains clear. The last completed downward wave broke the low of the previous wave, while the new upward wave broke
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Samir Klishi,
Analytical expert of InstaForex
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