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Back Technical analysis
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Back Technical analysis
EUR/USD – September 29: The Euro Continues to Decline
On Monday, EUR/USD resumed its decline
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On Monday, EUR/USD resumed its decline toward the 100.0% retracement level at 1.1325. A rebound from this level would favor the euro and some upward movement toward the 76.4% retracement level at 1.1416. A consolidation below 1.1325 would increase the likelihood of further decline toward the next Fibonacci level at 127.2% and 1.1220. The wave structure on the hourly chart remains bearish. The latest completed upward wave failed to break the previous peak, while the latest downward wave broke
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