EURUSD Mar. 8, 2024

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All currencies appearing in this post are fictitious.
Any resemblance to real currencies, existing or dead, is purely coincidental.

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If you also think that I've overanalyzed this shIt, click like
:)

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1. The market rejected the fourth option.
2. The nearest target is the price at 1.07613, where we will look at further developments more closely at the moment.
3. The second scenario is prevailing for me over the rest.
As you can see, option 1 and 2 differ only in the depth of correction before the next approach to growth towards the northern territories (max 1.0711/13)
4. The third option is possible only if the market breaks through the sub-line below 1.0688.

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After Israel attacked the embassy of Iran in Syria, what we see:
1) CIA Chief flew to Tehran? (suddenly, never seen in last).
2) The IDF is preparing for war with Iran and withdraws all military personnel from vacation.

I thought it will be Eguo that will burn Europe, but seems already it is Israel vs Iran front-running geopolitical stage.
Take care and keep in mind that lower then 1.0724 means new lows on the way.

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"Zoubin" missile defense system is deployed around Tehran.
We are facing clash that is widely expected (wanted) by USA nowadays.
Also Wednesday we have mega important inflation figs.
Ppl wanna see rally on markets with risk on.
Take care, cus we are on the edge.

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AlpacaBlack

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