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18.09.2023 05:44 AM
EURUSD, Day | Falling to support level?
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The EUR/USD chart exhibits a persistent bearish trend, emphasized by its movement within a descending channel and positioning below the bearish Ichimoku cloud. The price is predicted to further decline, with the 1st support at 1.0515, enhanced by its Fibonacci confluence. Beyond this, the 2nd support stands at 1.0401, and resistances are at 1.0693 and 1.0845, with the latter aligning with the 38.20% Fibonacci Retracement. The overall trend remains bearish.

Dean Leo,
Analytical expert of InstaTrade
© 2007-2025

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