How long will the euro continue to fall?
The EURUSD pair has reversed after a slight correction and the short-term trend of the Euro against the US Dollar is down. With the definitive defeat of Fibonacci 61.8% at 1,0758, the 100% estimate at 1,0495 will be the next target of the market.
From the buyers’ point of view, breaking the 1,022 resistance is necessary to form a short-term price floor. Otherwise, the technical outlook for the euro will remain bearish.
* Technical H4 analysis of EURUSD
* Technical daily analysis of EURUSD
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