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Back Technical analysis
EUR/USD – June 22nd: The Strait of Hormuz Is Closed Again
The EUR/USD pair continued its decline
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The EUR/USD pair continued its decline toward the 100.0% Fibonacci retracement level at 1.1409 on Friday. This movement may continue on Monday, as the geopolitical environment remains highly unfavorable for bulls and exceptionally contradictory. A rebound from the 1.1409 level would favor the euro and allow for a modest recovery toward the 76.4% Fibonacci level at 1.1514. Consolidation below 1.1409 would increase the likelihood of a continued decline toward the next Fibonacci level of 127.2% at 1.1291. The wave
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Samir Klishi,
Analytical expert of InstaForex
© 2007-2026
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