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meszaros
Jan 2, 2020 10:49 AM

EURHUF another descending wave sequence. .. Short

EUR/HUFOANDA

Description

EURHUF another descending wave sequence. The current analysis shows that the exchange rate may build another descending fractal sequence (yellow square). It can also be seen that the angle behind the ATR decrease is currently (-66 °), while the previous fractal (-37 °) suggests that the "slope of the decline" will be faster. The target price is still waiting around 320HUF.
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