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Wait | 13 March 2020

13 March 2020, EUR/USD

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Wave Analysis

Yesterday, we saw a 50% fib retracement when euro dropped but failed to close below 1.10797. As it is now, unless the price breaks below the previous day's lowest low, we're remaining flat, but in case the price goes below 1.10797, then this will give us a good place to consider a possible long term sell order towards 1.10148, a break below this level will push the price to the lowerside towards 1.10148. A break and a close above the previous day's highest high will mean we are possibly heading to the upperside.

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Bob Stan
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