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Back Technical analysis
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Back Technical analysis
EUR/USD. April 6th. The US labor market is recovering
The EUR/USD pair continued its decline
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The EUR/USD pair continued its decline throughout Friday, but trader activity was practically at zero that day. After the quotes consolidated below the 100.0% Fibonacci level at 1.1577, the decline may continue toward the next corrective level of 127.2% at 1.1440. A consolidation above the 1.1577 level would favor the euro and a resumption of growth toward the 76.4% corrective level at 1.1696. The wave situation on the hourly chart has taken on a rather complex form. All recent
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Samir Klishi,
Analytical expert of InstaForex
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Grigory Sokolov
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