25.07.2024 04:28 PM
On Wednesday, the EUR/USD pair retraced to the 76.4% Fibonacci corrective level at 1.0822. The rebound from this level supported the US dollar and resumed the decline towards the 61.8% Fibonacci level at 1.0822. A consolidation above the 1.0858 level could indicate a more significant rise for the euro. The pair has settled below the trend channel, but bears may only have enough momentum for a corrective wave. The wave situation has become slightly more complex but remains
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