EUR/USD. July 4th. The euro celebrates the Independence Day of the USA

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Technical analysis



Back
Technical analysis


EUR/USD. July 4th. The euro celebrates the Independence Day of the USA


On Wednesday, the EUR/USD pair made




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04.07.2024 04:05 PM






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On Wednesday, the EUR/USD pair made a sharp rise to the resistance zone of 1.0785–1.0797 and even consolidated above it. Thus, the growth process may continue towards the next corrective level of 23.6%–1.0843. Consolidation below the zone of 1.0785–1.0797 will favor the US dollar and a slight decline towards the levels of 1.0722 and 1.0760, but after several weeks of desperate struggle, it seems the bears have admitted defeat. The wave situation has become more complicated this week. A




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