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Analysis of EUR/USD and GBP/USD on February 18. The Pound, Which Does not Want to Fall, and the Euro, Which Falls for Two

On February 17, the EUR/USD pair gained only a few base points, which did not affect the current wave markup, which assumes the construction of wave 3 or C of the downward trend. Thus, neither the internal correction wave in the composition of 3 or C nor the correction wave 4 begins their construction due to too weak demand for the euro.
by Jeff Wecker
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Analysis of EUR/USD and GBP/USD on February 12. UK GDP Gave Markets Reason to be Optimistic and Hopeful

On February 11, the EUR/USD pair gained about 5 basis points and made an unsuccessful attempt to break the 76.4% Fibonacci level. Thus, there are certain reasons to assume the beginning of building an internal correction wave 3 or C. If this is true, then the current values of the instrument's quotes will begin to increase, which can be maintained up to 10%. At the same time, wave 3 or C does not look complete, so in the future, I expect a further decline in quotes.
by Jeff Wecker