Technical analysis of EUR/USD 11/12/2021
The EUR / USD currency pair on the (1W) chart is trading in a channel, developing a downward correction. The pair broke through the support of 1.1500 (50% Fib), (MA200) at the moment the quotes are in the area of 1.1440.
The technical picture suggests a continuation of the downward correction with a target below 1.1300 (61.8% Fib).
The nearest resistance is at the level of 1.1500.
Created by Joshua Hayn