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Back Technical analysis
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Back Technical analysis
EUR/USD. December 5. Bulls Prepare for a New Attack
The EUR/USD pair pulled back slightly
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The EUR/USD pair pulled back slightly on Thursday, but bulls held the support zone at 1.1645–1.1656. Therefore, a bounce from this zone today will favor the European currency and resume the upward movement towards the 38.2% corrective level at 1.1718. A consolidation of the pair below the 1.1645–1.1656 zone will increase the likelihood of a continued decline towards the support zone of 1.1594–1.1607. The wave situation on the hourly chart remains simple and clear. The last completed downward wave
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Samir Klishi,
Analytical expert of InstaForex
© 2007-2025
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