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Technical analysis of EUR/USD 04/18/2024

The EUR/USD currency pair at (1D) consolidated below the support of 1.0700 (61.8% Fibo), which means the downward correction has transitioned into a downtrend.

The price dropped to support 1.0600 and is currently correcting in the area of 1.0670.

The technical picture envisages the development of a downtrend with a target of 1.0444 (low 2023).

The nearest resistance is the level of 1.0700.

Created by Joshua Hayn

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