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Back Technical analysis
EUR/USD Analysis – May 15th: Geopolitical tensions continue to pressure the euro
The EUR/USD pair continued its decline
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The EUR/USD pair continued its decline on Thursday, consolidating below the 38.2% Fibonacci retracement level at 1.1682, and by Friday morning had already approached the next retracement level at 50.0% – 1.1630. A rebound from this level today would favor the euro and support some growth toward 1.1682. A consolidation below 1.1630 would allow for further decline toward the next Fibonacci level at 61.8% – 1.1578. The wave structure on the hourly chart currently remains simple. The last completed
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Samir Klishi,
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