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Back Wave analysis
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Back Wave analysis
EUR/USD Analysis – June 9th: The Euro Requires Additional Support
The wave pattern on the 4-hour
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The wave pattern on the 4-hour chart for EUR/USD has undergone some adjustments. There is still no reason to dismiss the upward trend segment (shown in the lower chart), which began in January of last year. However, the current trend structure has now taken on a corrective form. In the longer term, wave C may develop, with its low expected to form below the low of wave A. At present, it is difficult to believe in such a significant decline
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Chin Zhao,
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