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Wait. | 04 February 2022

04 February 2022, EUR/USD

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Wave Analysis:

This pair is in a corrective wave cycle, the price is currently on the upper trendline, we are waiting for a rebound from the upper trendline towards the lower side, we expect the current candle to close below 1.1469,in order to pick sell positions towards 1.0910,on the flipside should the price break and close above the upper trendline then we would be looking for buy positions towards 1.1900.But as of now we are on hold waiting for a clear price direction.

Trade Recommendations:

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Bob Stan
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