EUR/USD Technical Analysis

Note: This section contains information in English only.
Source: Dukascopy Bank SA
EUR/USD 4H chart reveals a critical juncture as the price tests a major confluence zone at 1.1681, where the 50% Fibonacci retracement level aligns precisely with the 100-period Simple Moving Average. Following a corrective slide from the 1.1850 peak, this area serves as a pivot point; a successful defense by buyers here, supported by an RSI approaching oversold territory at 36.60, could spark a reversal back toward 1.1721. Conversely, a decisive close below this support would shift the technical bias toward a deeper correction targeting the 61.8% level at 1.1641.

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