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Back Technical analysis
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Back Technical analysis
EUR/USD Forecast on February 5, 2026
Throughout Wednesday, the EUR/USD pair continued
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Throughout Wednesday, the EUR/USD pair continued to trade within the range of 1.1769–1.1829. Therefore, I would consider new trades only after quotes break out of this range. A consolidation of the pair below the Fibonacci level of 61.8% at 1.1769 would favor the U.S. dollar and a continuation of the decline toward the levels of 1.1696 and 1.1645. A consolidation above the 50.0% corrective level at 1.1829 would allow expectations of a resumption of growth toward the levels of 1.1888
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Samir Klishi,
Analytical expert of InstaForex
© 2007-2026
Summary
Urgency
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Grigory Sokolov
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