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Back Technical analysis
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Back Technical analysis
EUR/USD. October 7th. Prospects Are Opening Up for the Dollar
The EUR/USD pair continued its downward
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The EUR/USD pair continued its downward trend on Friday and consolidated below the 100.0% Fibonacci retracement level at 1.1003 according to the new Fibonacci level grid. Thus, the decline may continue toward the next Fibonacci retracement level of 127.2% at 1.0946. A rebound of the pair from either this level or the support zone of 1.0929–1.0946 will favor the euro and signal a potential rise. Consolidation below this zone will increase the likelihood of a continuation downward toward the next
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