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Back Technical analysis
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Back Technical analysis
EUR/USD. Technical Analysis for the Week of November 17–22
Trend Analysis (Fig. 1)This week, from
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Trend Analysis (Fig. 1)This week, from the level of 1.1620 (the close of the latest weekly candle), the market may continue moving upward toward 1.1716 – the 23.6% retracement level (blue dashed line). Upon testing this level, the price may pull back downward toward 1.1663 – the 14.6% retracement level (red dashed line). Fig. 1 (weekly chart).Comprehensive Analysis:indicator analysis – upwardFibonacci levels – upwardvolumes – upwardcandlestick analysis – upwardtrend analysis – upwardBollinger Bands – upwardmonthly chart – upwardConclusion from
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