EUR/USD Price Analysis: Understanding the 1.0780 Level and Fibonacci Retracement

Wednesday, 3 April 2024, 04:42
EUR/USD maintains momentum near 1.0780 after reaching a 23.6% Fibonacci retracement, showcasing a positive trend. The pair's prolonged rally for two sessions signals continued bullish sentiment in the market, with potential upside resilience. Traders are closely watching the price action around 1.0780 for further clues on the pair's direction amidst ongoing market dynamics.
https://store.livarava.com/49c970c3-f182-11ee-8944-87cc5c87fb08.jpg
EUR/USD Price Analysis: Understanding the 1.0780 Level and Fibonacci Retracement

EUR/USD Analysis:

EUR/USD continues its winning streak for the second consecutive session on Wednesday, inching higher to near 1.0780 during the Asian hours.

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.

Related posts

Newsletter

Get the most reliable and up-to-date financial news with our curated selections. Subscribe to our newsletter for convenient access and enhance your analytical work effortlessly.

Subscribe