EUR/USD. September 12. Don't Expect a Strong Reaction to the ECB Meeting

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Technical analysis



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Technical analysis


EUR/USD. September 12. Don't Expect a Strong Reaction to the ECB Meeting


On Wednesday, the EUR/USD pair experienced




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12.09.2024 01:38 PM






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On Wednesday, the EUR/USD pair experienced another reversal in favor of the U.S. dollar and resumed its decline towards the corrective level of 127.2% – 1.0984. A rebound from this level would favor the euro and lead to some growth towards the corrective level of 161.8% – 1.1070. However, I remind you that a "bearish" trend is currently forming, not a "bullish" one. A close below the 1.0984 level will increase the likelihood of a further decline toward the next




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