EUR/USD. February 28th. The bears are expected to go on the offensive

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Technical analysis



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Technical analysis


EUR/USD. February 28th. The bears are expected to go on the offensive


The EUR/USD pair reversed in favor




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28.02.2024 01:15 PM






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28.02.2024 01:15 PM




The EUR/USD pair reversed in favor of the US dollar on Tuesday and consolidated below the ascending trend corridor again. A decline to the corrective level of 76.4%–1.0823 has been completed by this moment. Consolidation of quotes below this level will contribute to the decline toward the levels of 1.0785 and 1.0725. I consider this scenario the most likely. A rebound of the pair's rate from the level of 1.0823 will allow traders to count on a new rise of




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