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On Wednesday, the market may start a downward movement from 1.0910 (yesterday's closing level), targeting 1.0861 – the 14.6% retracement level (blue dashed line). If this level is tested, an upward retracement toward 1.0947 (upper fractal, blue dashed line) may follow.
A downward trend is expected.
If the price moves down from 1.0910, the next target will be 1.0808 – the 23.6% retracement level (blue dashed line). If this level is tested, an upward retracement toward 1.0861 (14.6% retracement) may follow.
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
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