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Back Technical analysis
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Back Technical analysis
EUR/USD. April 10th. Market Shifts Focus to Inflation
During Thursday, the EUR/USD pair returned
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During Thursday, the EUR/USD pair returned to the 76.4% Fibonacci retracement level at 1.1696. Thus, a rebound from this level today would favor the U.S. dollar and a slight decline toward the 100.0% Fibonacci level at 1.1577. A consolidation above 1.1696 would increase the likelihood of continued growth toward the next retracement level of 61.8% at 1.1770. The wave structure on the hourly chart has become quite complex but is starting to clarify. All recent waves have formed within
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Samir Klishi,
Analytical expert of InstaForex
© 2007-2026
Summary
Urgency
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Grigory Sokolov
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