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Back Technical analysis
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Back Technical analysis
EUR/USD – September 23: The Market Continues to Buy the Dollar
On Tuesday, EUR/USD consolidated below the
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On Tuesday, EUR/USD consolidated below the 61.8% corrective level at 1.1473. On Wednesday morning, the decline in quotes continued toward the 76.4% corrective level at 1.1416. A rebound from this level would favor the European currency and some growth toward 1.1473. Consolidation below 1.1416 would allow for a further decline toward the next corrective level of 100.0% at 1.1325. The wave situation on the hourly chart remains bearish. The last completed upward wave failed to break the previous peak,
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