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05.02.2025 05:44 AM
Technical Analysis of Intraday Price Movement of EUR/USD Main Currency Pairs, Wednesday February 05, 2025.

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With the appearance of divergence between the EUR/USD price movement and the Stochastic Oscillator indicator and the appearance of the Bullish 123 pattern followed by the Bullish Ross Hook and added to the Fiber price movement being above the WMA (30 Shift 2) then it seems that in the near future there is potential to appreciate and strengthen where if the level of 1.0388 is successfully penetrated and closes above it then EUR/USD will continue its strengthening to 1.0410 as its main target and if the momentum and volatility support 1.0457 will be the next target but if in its strengthening Fiber suddenly corrects quite significantly especially if it breaks through and closes below the level of 1.0200 then it is certain that the strengthening scenario that has been described will be invalid.

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