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Back Technical analysis
EUR/USD. March 3rd. The Dollar Benefits from the Situation
During Monday's trading session, the EUR/USD
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During Monday's trading session, the EUR/USD pair rebounded from the 50.0% corrective level at 1.1830, reversed in favor of the dollar, and consolidated below the Fibonacci levels of 1.1770 and 1.1696. As a result, the decline in quotes may continue today toward the next Fibonacci level of 100.0% at 1.1577. A consolidation above 1.1696 would favor the euro and allow for some recovery toward the 61.8% corrective level at 1.1770. The wave structure on the hourly chart remains straightforward.
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Samir Klishi,
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