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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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2020 EURUSD GBPUSD USDJPY
10
April

Wave Analysis Euro continues to gain value perfectly inline with the previous day's forecast. we expect further momentum to the upper side and should break beyond 1.11570 towards 1.13820. At this point in time, only buy positions looks ideal and can be recommended, but in case the price breaks and

Wave Analysis Few weeks ago, the British pound failed to sustain the break below 1.20231-1.21352. As long as we're seeing price above 1.21352, we expect nothing but a possible momentum to the upper side, this upward momentum is the continuation of a corrective wave count and could see price break

Wave Analysis The Us Dollar continues to move to the lower side perfectly as previously forecast. As long as we have price being capped by the resistance line 109.310, we are sellers. We expect a sellers to push price much lower and should break below 107.010 towards 105.263. At this point in time

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