Yesterday, my prediction successfully reached the take profit (TP) level, and currently, the price is forming an ascending channel. By conducting a Fibonacci retracement analysis, it becomes evident that the 50% retracement level is located at 1.08600 (1D TF). Based on this observation, I anticipate that EURUSD will rebound from this level and going downward to support line in ascending channel at 1.08000
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.