Forecast for EUR/USD pair on September 5, 2024

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05.09.2024 02:00 PM




On Wednesday, the EUR/USD pair reversed in favor of the euro and consolidated above the resistance zone of 1.1070–1.1081. Thus, the euro's upward movement can now resume toward the 200.0% corrective level at 1.1165. If the pair consolidates below the 1.1070–1.1081 zone again, it will favor the U.S. dollar and lead to a resumption of the decline toward the 127.2% corrective level at 1.0984.The wave structure has become slightly more complex, but overall, it raises no concerns. The last completed




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Pentru mai multe detalii, va invitam sa vizitati stirea originala.

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