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Technical Analysis & Forecast 05.06.2023

From robomarkets.com

The currency pair has completed a wave of decline to 1.0727. At the moment, the market has formed a consolidation range around this level and, escaping the range downwards, continues developing a wave of decline to 1.0684. After the price reaches this level, a link of correction to 1.0727 (a test from below) is not excluded. Next, a decline to 1.0675 could follow. This is the first target. {chart} The currency pair continues developing a wave of decline to 1.2412. After it reaches the level, a correction to 1.2474 and a decline to 1.2400 could follow. This is the first target.{chart}The currency pair has completed ... (full story)

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  • Category: Technical Analysis