This week in Forex for the EUR/USD pair shows as a slow movement. I hope after this moving we can await big trend. In this moment are minor fluctuations in the form of the horizontal flat. Elliott wave analysis explains this slight movement the currency pair Euro to US Dollar. The second corrective wave towards the first down until the very low value of 23%. Here are some screen shots of graphical analysis chart
EUR/USD H1.
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| Chart Eur/Usd H1 Divergence and deep correction to 23% from first wave. Price in 0 line by Murray Math. |
EUR/USD H4:
The More slow time frame H4 show us another situation. See here Euro to Usd charts.
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| This chart has a horizontal Flat and correction after big UpTrend to 23%-32% from of the previous wave. It is possible to further moving up. |
Independent FOREX Research is a personal informational educational blog all about the foreign exchange market. Previous forecasts see here and here
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