Alexander Dneprovskiy
Having declined by slightly more than 50 pips the EUR/USD currency pair is demonstrating uncertainty in its attempt to form another downside section of the estimated inclined triangle. At the same time its d wave looks quite complete which together with overbought Stochastic might indicate forthcoming formation of the e wave of this complicated correction structure. However, we should not exclude the possibility of the wave in the d to become more complex and prolonged, which might result in advance above the 1.3750 level.
Performed by Alexander Dneprovskiy, Analytical expert
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