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Back Technical analysis
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Back Technical analysis
EUR/USD – October 15: The Euro Remains Under Pressure
On Wednesday, the EUR/USD pair reversed
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On Wednesday, the EUR/USD pair reversed in favor of the euro and recovered toward the 127.2% Fibonacci retracement level at 1.1220. A rebound from this level today would bring the bears back into the market, potentially allowing them to resume their attacks toward the 1.1081–1.1086 support level. A sustained move above 1.1220 would allow traders to anticipate further growth toward the next retracement level of 100.0% at 1.1325. The wave structure on the hourly chart remains bearish. The latest
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Samir Klishi,
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