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This forecast is based on the Elliott Wave Principle which states that investor psychology is the motor behind the stock markets. In this analysis however, the analyst not only observes the previous price patterns, but also takes into account the correlation between different pairs before releasing forecasts.

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2021 EURUSD GBPUSD USDJPY
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September

Wave Analysis: Euro is currently an in active downtrend. As long as the price remains below the upper trendline, we are looking forward to the continuation of the last impulsive wave (E) to the lowerside and should see the price break and close below 1.1719 or even lower. If yu are looking at this

Wave Analysis: During the previous trading day, the British pound bounced off from the upper trendline and is still pretty much bearish both on the daily and on the weekly charts. A it is right now, we're looking forwards to a continuation of the last impulsive wave (E) to the lower side and should

Wave Analysis: The US dollar is currently rallying to the upper side. As long as the price remains within the descending wedge formation, we expect buyers to push price to the upperside towards the upper trendline and should continue even higher. If you are on this chat now, keep looking for buy po

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