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Back Technical analysis
EUR/USD. Smart Money. The Fed Is Expected to Keep Monetary Policy Parameters Unchanged
The EUR/USD pair declined for eleven
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The EUR/USD pair declined for eleven consecutive days and has now spent the last two sessions undecided about its next direction. During this decline, the bullish Imbalance 9 was fully worked through with a margin. Since this pattern has not yet been invalidated, I continue to believe that the bullish trend remains intact.In my view, bulls could have launched a new advance as early as last week, when most US economic data came in disappointing. However, bears stubbornly continued to
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Samir Klishi,
Analytical expert of InstaForex
© 2007-2026
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Grigory Sokolov
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