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Currency Analyst since 2010

EUR/USD: wave analysis (June 9)

Weekly. After completion of the wave [D] that is a part of a converging horizontal triangle we saw a new bearish wave [E].

 

Daily. First complete descending impulse 1 has been built. Next week we'll see a corrective growth in a wave 2.

H4. The wave 2 will take a form of a simple zigzag. In the near term some bearish correction will take place, after that the market will grow in an impulse [c].

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