Technical analysis of EUR/USD 09/05/2024

The EUR/USD currency pair is correcting on the (1D) against the backdrop of an uptrend.

The pair has consolidated below 1.1070 (23.6% Fibo), which gives grounds to assume a continuation of the downward correction to the level of 1.1000 (38.2% Fibo), (trend line).

The nearest resistance is the area of ​​the level of 1.1100.

EURUSD_STPDaily

Created by Joshua Hayn

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