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EUR/USD: weekly wave analysis

Daily. The shape of the final wave area made it clear that the development of the corrective wave (4) is not over yet. This wave will likely take form of the protracted double Triple W-X-Y. The pair is currently forming the final part of the wave X.

H4. The wave X is a rather complex formation, which consists of double Zigzags. The most important thing is that this week we expect the final part of the upward correction [b], after which the price will resume downward movement in the impulse [c]. When the entire wave X is over, we will see an increase.

 

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