Technical analysis of EUR/USD 04/04/2024

The EUR/USD currency pair at (1D) has adjusted to the support level of 1.0700 (61.8% Fibo) and is currently consolidating in the area of 1.0840 (MA100), (MA200).

If the pair resumes its decline and consolidates below the level of 1.0700, this will mean the transition of a downward correction into a downtrend with a target of 1.0444 (2023 low).

The nearest resistance is the level of 1.0970.


Created by Joshua Hayn

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