EUR/USD. July 23rd. Bears are not in a hurry to break the "bullish" trend

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Technical analysis



Back
Technical analysis


EUR/USD. July 23rd. Bears are not in a hurry to break the "bullish" trend


On Monday, the EUR/USD pair continued




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23.07.2024 04:25 PM






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On Monday, the EUR/USD pair continued to decline after consolidating below the 100.0% corrective level at 1.0917 towards the 76.4% Fibonacci level at 1.0858 and the lower line of the upward trend channel, which continues to characterize the current market sentiment as "bullish." A rebound from this line or level will favor the euro and some growth towards 1.0917. Consolidation below the corridor will allow for the expectation of a "bearish" trend. The wave situation has become more




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