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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
20
March

Wave Analysis Yesterday, both the impulsive waves v and (c) continued to the lower side and even went below 1.07675. As long as the price remains below this level, we expect nothing but a possible momentum to the lower side, following the break below this level, Euro pulled back to the upper side

Wave Analysis The close of the past few days has seen the cable loose tremendously compared to the US dollar. Following the break below 1.21445, we expect nothing but a possible momentum to the lower side, the anticipated bearish price rally is the continuation of the impulsive wave (c) to the low

Wave Analysis After a spike to the upper side, the Us dollar is currently pulling back to the upper side. we expect the current bearish price rally to be a correction to the lower side, seeking to correct the impulsive wave (c) but should not go beyond 107.920. On this chart, I recommend looking f

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March
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