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Back Technical analysis
EUR/USD. March 5th. The decline in unemployment failed to strengthen the euro
During Wednesday, the EUR/USD pair made
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During Wednesday, the EUR/USD pair made two rebounds from the 100.0% corrective level at 1.1577 and showed a slight rise toward the 76.4% Fibonacci level 1.1696. However, as of Tuesday morning, the pair returned to the 1.1577 level. Thus, another rebound from this level would again favor the European currency and growth toward 1.1696. A consolidation of the pair below 1.1577 would allow traders to expect a continuation of the decline toward the next corrective level of 127.2% –
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Samir Klishi,
Analytical expert of InstaForex
© 2007-2026
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Grigory Sokolov
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