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EUR/USD: the increase is ceased by the resistance at 1.4550

Wave analysis

Technical analysis

Fundamental analysis

Complex analysis

   The previous analysis published only at the forum of the COMPANY due to the holidays and lack of time has been confirmed with the growth to the mentioned levels. For description purposes the previous histogram is given below together with its geometric marking.

   Relying upon the probable completeness of the symmetric structure and the support in shape of Fibonacci 1.38.2 level and the red pivot-level it’s possible to presuppose the completing of the retracement model and start of the descendant cycle’s development. The extra signal to the reverse will be the RSI indicator’s crossing over the level of 75 from top downward.
   The alternative scenario can be the breakage through the level of 1.4450 upward; the targets are within the range of 1.4606\641; the potential one is at 1.4720.

Analysis prepared by:

Maxim Dmitrievsky
Forex4you analyst