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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