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Back Technical analysis
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Back Technical analysis
Forecast for EUR/USD on August 18, 2025
On Friday, the EUR/USD pair rebounded
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On Friday, the EUR/USD pair rebounded from the support zone of 1.1637–1.1645, turned in favor of the euro, and consolidated above the 76.4% retracement level at 1.1695. Thus, growth may continue today toward the next retracement level of 100.0% at 1.1789. A close below 1.1695 would favor the U.S. currency and trigger a decline back toward the support zone of 1.1637–1.1645. The wave structure on the hourly chart remains simple and clear. The last completed upward wave broke above
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Samir Klishi,
Analytical expert of InstaForex
© 2007-2025
Summary
Urgency
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Grigory Sokolov
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