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Hello Traders,
The "Unemployment Claims" was worse than expected that's why is expected weakening of the US dollar against the euro. How to figure the market from a technical point of view, did the formation of the ABCD, where there is expected to be completed this wave in the area near the 1.0977 (pivot point) and Fibonacci level 127.2% of wave AB. Completion of the BC wave occurred in the vicinity of 38.2% Fibonacci level of wave AB.
All Best and Good Luck!
The "Unemployment Claims" was worse than expected that's why is expected weakening of the US dollar against the euro. How to figure the market from a technical point of view, did the formation of the ABCD, where there is expected to be completed this wave in the area near the 1.0977 (pivot point) and Fibonacci level 127.2% of wave AB. Completion of the BC wave occurred in the vicinity of 38.2% Fibonacci level of wave AB.
All Best and Good Luck!
