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Back Wave analysis
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Back Wave analysis
EUR/USD Analysis – April 8th. The Euro Gains Momentum
The wave pattern on the 4-hour
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The wave pattern on the 4-hour chart for EUR/USD has changed. There is still no talk of canceling the upward trend segment (lower chart), which has been developing since January of last year, but the wave structure now looks quite ambiguous. In such situations, I always recommend switching to a lower timeframe (upper chart) and analyzing the simplest and smallest wave structures to make short-term forecasts—which is sufficient for opening trades. Wave structures can be very complex and allow for
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Chin Zhao,
Analytical expert of InstaForex
© 2007-2026
Summary
Urgency
Analytic
Alexander Dneprovskiy
Start trade
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