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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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2019 EURUSD GBPUSD USDJPY
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March

Wave Analysis Euro is currently bouncing off from the monthly support line 1.12471. And is still above this level, as long as the price is above 1.12471, we expect a possible momentum to the upper side. So far, we're holding onto a buy we took previously, we're expecting price to continue even high

Wave Analysis During the previous trading week, the cable declined steeply and is still pretty much bearish both on the weekly and the daily charts. As long as the price remains below 1.33015, we expect a possible momentum to the lowerside. But should price break above 1.33015, then this will be an

Wave Analysis During the previous trading day, the impulsive wave (iii) traded slightly to the upperside but is still below the weekly short term level 108.836. We're waiting for a clear close above 110.836 to confirm that we're upwards with an ultimate target at 114.36. If this level is broken, th

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