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Back Technical analysis
EUR/USD, April 17th: The Market Is Not Confident in a Final Ceasefire
The EUR/USD pair continued its downward
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The EUR/USD pair continued its downward movement on Thursday toward the 50.0% Fibonacci retracement level at 1.1745 after rebounding from the 61.8% Fibonacci level at 1.1824. Thus, bearish pressure may continue today. A rebound from the 1.1745 level would favor the euro and some upward movement toward 1.1824. A consolidation below 1.1745 would increase the likelihood of further decline toward the next corrective level at 38.2% – 1.1666. The wave structure on the hourly chart has become quite
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Samir Klishi,
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