EUR/USD. April 4th. Bears are retreating, despite the positive statistics

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Technical analysis



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Technical analysis


EUR/USD. April 4th. Bears are retreating, despite the positive statistics


The EUR/USD pair on Wednesday consolidated




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04.04.2024 11:13 AM






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04.04.2024 11:13 AM




The EUR/USD pair on Wednesday consolidated above the resistance zone of 1.0785–1.0801 and continues the upward trend towards the next corrective level of 38.2%–1.0866. A rebound of the pair from this level will work in favor of the US dollar and may lead to some retracement back to the zone of 1.0785–1.0801. Consolidation of quotes above the level of 1.0866 will favor further growth towards the next Fibonacci level of 50.0%–1.0918. The trend is still "bearish" for now.The wave situation




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