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EUR/USD: weekly wave analysis

by Roman Petukhov

Daily. Upward correction (4) is developing within the downtrend, taking the form of a triple rising zigzag. After its completion, the market decline will continue within a new downward impulse.

H4. The picture shows the last section in detail. Wave (x) was completed as a horizontal triangle, and now we are witnessing an upward A-B-C zigzag construction. It will be finished next week and we will see further decline.

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