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Back Technical analysis
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Back Technical analysis
EUR/USD – September 21: The Euro Remains Under Downward Pressure
On Friday, the EUR/USD pair made
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On Friday, the EUR/USD pair made another attempt to continue its decline, but by the end of the day the bulls had regained some prospects for a corrective retracement. A rebound in the quotes today from the 61.8% Fibonacci level at 1.1473 would favor the euro and some growth toward the 50.0% corrective level at 1.1519. Consolidation of the pair below 1.1473 would favor the U.S. dollar and a continuation of the decline toward the 76.4% corrective level at 1.1416.
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