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Back Fundamental analysis
Euro Currency. Weekly Preview
The euro finished the week on
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The euro finished the week on a down note, having decreased from the highs by 230 basis points. In my opinion, everything is proceeding according to the previously stated wave scenario. The EUR/USD instrument has formed a five-wave structure, similar (though impulsive) to that of the GBP/USD instrument, suggesting the creation of a corrective wave or set of waves for both instruments. This is exactly what we observed at the end of the current week. Consequently, the decline in quotes
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Chin Zhao,
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