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Back Technical analysis
EUR/USD Forecast and Analysis – May 19th: Iran-US Negotiations Remain at an Impasse
On Monday, the EUR/USD pair reversed
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On Monday, the EUR/USD pair reversed in favor of the European currency and consolidated above the 50.0% Fibonacci retracement level at 1.1630. Thus, the upward movement may continue today toward the 38.2% corrective level at 1.1682. A consolidation below 1.1630 would favor the U.S. dollar and the resumption of the decline toward the 61.8% Fibonacci level at 1.1578. The wave structure on the hourly chart currently remains straightforward. The latest completed upward wave exceeded the previous peak by only
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Samir Klishi,
Analytical expert of InstaForex
© 2007-2026
Summary
Urgency
Analytic
Grigory Sokolov
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