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Back Technical analysis
EUR/USD. June 17. Focus Turns to the FOMC Decision
On Tuesday, the EUR/USD pair returned
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On Tuesday, the EUR/USD pair returned to the 61.8% Fibonacci retracement level at 1.1578, rebounded from it, reversed in favor of the euro, and resumed its upward movement toward the 50.0% retracement level at 1.1630. A rebound from this level would favor the US dollar and signal a renewed decline toward 1.1578. Consolidation above the 1.1630 level would increase the likelihood of further gains toward the next Fibonacci level at 38.2% – 1.1682. The wave structure on the hourly
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Samir Klishi,
Analytical expert of InstaForex
© 2007-2026
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