25.06.2024 12:01 PM
On Monday, the EUR/USD pair continued to rise after the second rebound from the corrective level of 76.4%-1.0676. The pair consolidated above the Fibonacci level of 61.8%-1.0722, which suggests further growth towards the next corrective level of 50.0%-1.0760. A rebound from this level will favor the US dollar and initiate a decline towards 1.0722. Consolidation above the 1.0760 level will increase the likelihood of continued growth towards the resistance zone of 1.0785–1.0797. The wave situation remains clear. The
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