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Back Technical analysis
EUR/USD. February 4th. The Market Has Entered a Stage of Calm
The EUR/USD pair continued its weak
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The EUR/USD pair continued its weak growth throughout Tuesday, which does not allow for any clear technical conclusions. Yesterday, I said that buy trades and expectations of euro growth would be better considered after consolidation above the 50.0% corrective level at 1.1829. Today, the bulls managed to achieve such consolidation with great difficulty, but it strongly raises doubts about the European currency's ability to continue rising in the near future. Perhaps today the news background will help the bulls.
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Samir Klishi,
Analytical expert of InstaForex
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