Technical analysis of EUR/USD 05/31/2024
The EUR/USD currency pair at (1D) is trading in a downtrend.
The price has corrected to the level of 1.0890 (50% Fibo) and is currently consolidating in the area of 1.0830.
The technical picture envisages the development of a downward trend with a target of 1.0444 (low 2023).
The nearest resistance is the area at level 1.0890 (50% Fibo).
The next resistance is the area of 1.0930 (61.8% Fibo).
Created by Joshua Hayn
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