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Back Technical analysis
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Back Technical analysis
EUR/USD. March 30th. Trump Intends to Take Iranian Oil
The EUR/USD pair continued its decline
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The EUR/USD pair continued its decline on Friday toward the 127.2% Fibonacci retracement level at 1.1440 after consolidating below the 100.0% Fibonacci level at 1.1577. Thus, the downward movement may continue today, while trader activity has remained fairly low in recent days. Bears are once again on the offensive, as there are no signs of de-escalation in the Middle East conflict. Their momentum is somewhat limited, but bulls currently have no opportunities for counterattacks. The wave structure on
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Samir Klishi,
Analytical expert of InstaForex
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Grigory Sokolov
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