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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 During the previous trading day, Euro closed as a bearish pin bar. As long as the price remains below the fib level 61.8% fib level, we expect nothing but a possible momentum to the lower side. The anticipated bearish price rally is the continuation of a corrective wave count and coul

Wave Analysis The British pound continues to correct itself to the lowerside and is now below 61.8% fib level. At this rate, we are expecting a possible break and close below the swing low 1.38540 and could breakout much lower/ If the price breaks and closes below 1.36480, then this will be a good

Wave Analysis During the previous trading day, the US Dollar rallied to the upper side but could not break above the level 106.730. As it is now, we expect further momentum to the upperside. The anticipated bullish price rally is the continuation of the impulsive wave (c) to the upperside and shoul

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