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Back Technical analysis
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Back Technical analysis
EUR/USD – September 22: The Euro Continues to Decline
The EUR/USD pair traded sideways throughout
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The EUR/USD pair traded sideways throughout Monday, but on Tuesday morning it fell below the 61.8% retracement level at 1.1473. Therefore, the decline may continue toward the next Fibonacci level of 76.4% at 1.1416. Consolidation above 1.1473 would favor the euro and some upward movement toward the 50.0% retracement level at 1.1519. The wave structure on the hourly chart has changed to a bearish one. The latest completed upward wave failed to break the previous peak, while the latest
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