03.07.2024 12:51 PM
On Tuesday, the EUR/USD pair fell to the corrective level of 61.8% (1.0722) and then reversed in favor of the euro. As of Wednesday morning, the quotes rose to the 50.0% Fibonacci level at 1.0760. A rebound of the pair from this level will favor the US dollar and some decline towards the levels of 1.0722 and 1.0676. Consolidation above the 1.0760 level will allow for further growth towards the important resistance zone of 1.0785–1.0797. The wave situation has
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