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EURUSD, Elliot Wave Analysis

1/3/2023 11:35 AM

The possibility of growth remains.

On the daily chart, the downward wave of the higher level A has completed, in which the fifth wave (5) of A has appeared and the upward wave B is developing. At the moment, the construction of the first wave 1 of (A) of B continues, in which the third wave of the lower level iii of 1 has formed and the development of a local correction as the fourth wave iv of 1 is observed. If the assumption is correct, the EUR/USD pair will rise to the area of 1.1000–1.1196. The level of 1.0485 is critical and stop-loss for this scenario.

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