Technical analysis of EUR/USD 04/09/2021
The EUR/USD currency pair is in a downward correction on the daily timeframe. The pair found support at 1.1700 (38.2% Fib) and currently the pair is trading around 1.1900.
If the quotes resume their downward movement and break through the level of 1.1700 (38.25 Fib), then the next support will be the level of 1.1500 (50% Fib).
If quotes go above the level of 1.2000, it will assume the end of the downward correction and the continuation of the uptrend with a target above the annual high of 1.2345.
Created by Joshua Hayn