The EUR/USD chart shows a bearish trend, emphasized by its position below the bearish Ichimoku cloud. The price may decline towards the 1st support at 1.0617, a significant swing low support with Fibonacci confluence. The 2nd support at 1.0604 also has Fibonacci confluence. Resistance levels stand at 1.0672, an overlap resistance with a 50% Fibonacci Retracement, and 1.0692, a pullback resistance with a 61.80% Fibonacci Retracement, plus an intermediate resistance at 1.0656.
The material has been provided by InstaForex Company – www.instaforex.com
The EUR/USD chart shows a bearish trend, emphasized by its position below the bearish Ichimoku cloud. The price may decline towards the 1st support at 1.0617, a significant swing low support with Fibonacci confluence. The 2nd support at 1.0604 also has Fibonacci confluence. Resistance levels stand at 1.0672, an overlap resistance with a 50% Fibonacci Retracement, and 1.0692, a pullback resistance with a 61.80% Fibonacci Retracement, plus an intermediate resistance at 1.0656.
The material has been provided by InstaForex Company – www.instaforex.com
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