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EUR/USD: wave analysis (Mar. 17)

Roman Petuchov for FX BAZOOKA

Weekly. The pair extends the corrective wave [D] that is a part of a horizontal triangle, being formed for the last 6 years.

Daily. Wave [D] has a form of a double zigzag, each wave of which is also a double zigzag. The bullish impulse [C] is now coming to an end.

H4. Wave 4 of (5) of [C] is being formed now. Wave 4 will likely be a horizontal correction – sideways range. After that the pair will extend the upside in a wave 5.

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