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/
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