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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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April

Wave Analysis Earlier this week, Euro successfully broke above the upper trendline and is still pretty much above the same trendline. As it is now, keep looking for long term buy position expecting the price to breakout above 1.22365 and may extend much higher towards 1.23641. As it is now, sel

Wave Analysis We continue to see struggling within the range 1.40200 and 1.36925. As long as the price does not clearly break beyond any of these levels we are only interested in reversals. A reversal from 1.36925 will attract a buy while a reversal from 1.48200 will attract a possible sell tow

Wave Analysis After a failed attempt to break above the upper trendline, the US Dollar continues to remain below the upper trendline. This is a possible sign that sells are back in control on this chart. As it is now, we are looking for long term sell position expecting the price to continue to

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