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Back Technical analysis
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Back Technical analysis
EUR/USD. March 25. Tensions Around Iran Are Escalating Again
During Wednesday, the EUR/USD pair reversed
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During Wednesday, the EUR/USD pair reversed in favor of the US dollar and consolidated below the 100.0% Fibonacci retracement level at 1.1577. Thus, the downward movement may continue toward the next Fibonacci level of 127.2% at 1.1440. A move back above the 1.1577 level would favor the euro and a resumption of growth toward the 76.4% retracement level at 1.1696. The wave structure on the hourly chart remains clear. The last completed downward wave did not break the low
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Samir Klishi,
Analytical expert of InstaForex
© 2007-2026
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