EUR/USD. April 23rd. Bulls and bears are in balance

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23.04.2024 12:56 PM

The EUR/USD pair continued to trade horizontally between the levels of 1.0619 and 1.0696 on Monday. The sideways movement has been maintained for seven days now. During all this time, bears and bulls cannot decide what to do next. The information background is weak, but it continues to indicate the advantage of bearish traders. Thus, the consolidation of the pair's rate below the corrective level of 127.2%-1.0619 will allow expecting further decline towards the next Fibonacci level of 161.8%-1.0519. A

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