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Back Technical analysis
EUR/USD – Smart Money Analysis: The Dollar Remains Under Pressure from Geopolitical Developments
The EUR/USD pair spent two weeks
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The EUR/USD pair spent two weeks trading within Imbalance 13, attempting to form a buy signal inside this zone. However, bulls failed to find sufficient grounds for a new advance, and Friday's Nonfarm Payrolls report dealt a significant blow to bullish sentiment. The pair fell well below Imbalance 13, invalidating this pattern.The only remaining signal is the one formed within Imbalance 15, but it is a bearish signal within a trend that is still considered bullish. Last Friday, a new
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Samir Klishi,
Analytical expert of InstaForex
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