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Fib Retracement (4h) the price drops to 41300 (0.5) so it will start growing from 43000 (Fib Extension) Fib Extension (4h) the price touches these values 43000 i 43300 (1.272 i 1.414)
It's up to you to decide. "A picture is worth a thousand words".
The decline in the EURUSD pair has really accelerated over the last week after the West imposed severe sanctions against Russia that will have implications for the global economy, in particular Europe.
The 'Hidden bullish divergence' signal is still valid as we have lower lows on the indicators while BTCUSD remains within a higher low compared to 27-28 Feb. Leave me a comment with your opinion... What's your take? Thank you for reading.
Wednesday’s interest rate decision only constituted a statement, and no new economic forecasts. Market participants will eagerly await Bank of Canada Governor Tiff Macklem’s press conference on Thursday, where he will take questions on the state of the Canadian recovery. At his January press conference, Macklem indicated that higher borrowing costs were “imminent”...