4h

The EUR / USD currency pair, having completed the rebound from the correction level of 100.0% - 1.1791, continues the process of falling in the direction of the correction level 61.8% - 1.1605. There is no one indicator of the emerging divergences today. News from America on durable goods orders and GDP supported demand for the dollar. Rebounding the pair from the Fibo level of 61.8% will allow traders to expect a reversal in favor of the EU currency and some growth in the direction of the 76.4%, correction level of 1.1676.

The Fibo grid was built on extremes from July 9, 2018, and August 15, 2018.

Daily

On the 24-hour chart, after quitting the quotes from the correction level of 76.4% - 1.1789, the fall continues in the direction of the correction level of 100.0% - 1.1553. Rebounding the course of the pair from the Fibo level of 100.0% will make it possible to expect a turn in favor of the European currency and some growth in the direction of the correction level of 76.4%. Fixing quotes under the Fibo level of 100.0% will increase the chances for a further fall in the direction of the correction level 127.2% - 1.1285.

The Fib net is built on extremums from November 7, 2017, and February 16, 2018.

Recommendations for traders:

You can make purchases of the EUR / USD currency pair with a target of 1.1676 with a Stop Loss order below the Fibo level of 61.8% if the pair bounces off of the correction level of 1.1605.

Sales of the EUR / USD currency pair can be carried out now with the goal of 1.1605 with a Stop Loss order above the Fibo level of 76.4%, since the pair completed closing below the level of 1.1676.