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Wait | 04 March 2020

04 March 2020, EUR/USD

Wave Analysis

Nothing much happened to this pair during the previous trading day, we expected a possible correction of both the impulsive waves (c) and v, but instead, nothing much happened. As long as the price does not break above the previous day's highest high, we expect a possible correction to the lower side but should not go beyond 1.10830. But should the price break and close above the previous week's highest higher, then further momentum to the upper side is expected towards 1.1345.

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Bob Stan
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