EUR/USD. March 1st. Inflation will determine the fate of the euro

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Technical analysis



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Technical analysis


EUR/USD. March 1st. Inflation will determine the fate of the euro


The EUR/USD pair executed a reversal




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01.03.2024 12:18 PM






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The EUR/USD pair executed a reversal in favor of the US dollar on Thursday, falling to the level of 1.0797, which forms another support zone with the level of 1.0785. Recently, several additional levels have formed on the chart. The euro is in a narrow price range, within which it constantly finds new levels of support and resistance. A rebound from the zone of 1.0785–1.0797 will work in favor of the European currency and resume growth towards the corrective level




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