Looking at the Fibonacci setup, EURUSD could soon get new support in the zone 50.0%-61.8% (1.04500-1.05000). There, we will test the next low from October 2023. Today, we have important news for the euro, namely the Eurozone GDP. Forecasts show that GDP growth is expected from 0.60% to 0.90% at the annual level. This could be the trigger for a return to the bullish side.
Trade active
Trade closed: target reached
Note
1,05000 level keeps EURUSD above
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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.