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Back Wave analysis
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Back Wave analysis
EUR/USD Analysis – May 6th: The Fed Maintains a Hawkish Stance
The wave pattern on the 4-hour
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The wave pattern on the 4-hour EUR/USD chart has transitioned into a bullish structure. I believe there is little doubt that this transformation occurred solely due to the new trade policy adopted by the United States. Until February 28—when the sharp decline of the U.S. dollar began—the wave pattern presented a convincing downward trend, building a corrective wave 2. However, President Trump's weekly announcements of various tariffs took their toll. Demand for the U.S. currency plummeted, and now the entire
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