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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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February

Wave Analysis Yesterday, Euro pulled back to the upper side but is still below the upper trendline. If the price breaks and closes above the upper trend line, then this will be a good place to consider a possible long term buy position with an ultimate target set at 1.23495. An break above this lev

Wave Analysis As previously expected, The British pound continued massively to the upperside and is still pretty much bullish both on the daily and on the weekly charts. If you are looking at this chart, keep looking for long term buy positions expecting price to break above 1.39930 towards 1.40. T

Wave Analysis The US dollar rallied to the lowerside and is currently slightly below 105.850. We expect this bearish move to be a corrective wave count and should not break below 104.459-104.302. If you are looking at this chart right now, remain on the sidelines, alternatively, place a pending buy

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