Close to the end of the retracement for EUR/USD?
After a strong upward movement, we have been witnessing a descent of EUR/USD for a few days now.
This range aligns with the 0.618 retracement level and represents a dynamic support stemming from the lows in October. Adding to this, it coincides with a significant support level observed on May 31.
Inversely, this can be coupled with the dollar chart, which is very close to the 0.618 value of the recent bullish movement.
https://www.tradingview.com/x/X7NNjFU8/
This range aligns with the 0.618 retracement level and represents a dynamic support stemming from the lows in October. Adding to this, it coincides with a significant support level observed on May 31.
Inversely, this can be coupled with the dollar chart, which is very close to the 0.618 value of the recent bullish movement.
https://www.tradingview.com/x/X7NNjFU8/
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.