Back Wave analysis
Back Wave analysis
EUR/USD. Analysis for December 14th. The ECB meeting – and a new drop in the dollar
The wave analysis of the 4-hour
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The wave analysis of the 4-hour chart for the euro/dollar pair remains quite clear. Over the past year, we have seen only three wave structures that constantly alternate with each other. At present, the construction of another three-wave downward structure continues. The presumed waves 1 and 2 are possibly completed, suggesting that the pair has moved on to building the third wave, which should lead to a decrease in the pair to the area of the 4th figure and below.
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