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EUR/USD: wave analysis (Mar. 24)

Roman Petuchov for FX BAZOOKA

Weekly. A 5-year horizontal triangle is being built. Corrective wave [D] is finished. In the near term the pair is expected to decline in a [E] descending wave.

Daily. Wave (y) has taken a "double zigzag" form. Structure [D] is full of smaller waves. A decline in a new trend has begun.

H4. After the impulse [1] the market is to start a bullish correction [2].

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