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Analysis of EUR/USD and GBP/USD for January 8. EU economy shows signs of recovery

On January 7, the EUR / USD pair lost about 45 basis points and made an unsuccessful attempt to break through the 0.0% Fibonacci level and rolled back from the highs reached, failing to resume building the upward trend section. Thus, the developing option for today is the option of building a new bearish wave, presumably y, with targets located around the 10th figure.
by Jeff Wecker