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Back Technical analysis
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Back Technical analysis
Forecast for EUR/USD on October 18, 2024
On Thursday, the EUR/USD pair rebounded
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On Thursday, the EUR/USD pair rebounded from the 161.8% retracement level at 1.0873, turning in favor of the US dollar and resuming its decline toward the support zone of 1.0781–1.0797. A rebound from this zone could signal a turnaround in favor of the euro and a potential rise toward the 1.0873 level. A sustained break above 1.0873 would suggest a stronger rise for the euro. The wave pattern is clear. The last completed upward wave (September 25-30) did not
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Samir Klishi,
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