EURUSD enters potential support zone
Updated
Looking at the Fibonacci setup, EURUSD could soon get new support in the zone 50.0%-61.8% (1.04500-1.05000). There, we will test the next low from October 2023. Today, we have important news for the euro, namely the Eurozone GDP. Forecasts show that GDP growth is expected from 0.60% to 0.90% at the annual level. This could be the trigger for a return to the bullish side.
Trade active
Trade closed: target reached
Note
1,05000 level keeps EURUSD above
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