EURUSD long view

29 сент. 2022 г.

Yesterday, the pair EURUSD formed a new lower low at the 0.95320 level, after which we found support there and started a recovery. The euro succeeded in this and climbed to the 0.97500 level. During the Asian session, a new pullback followed, and we stopped at the 0.96330 level. Looking at this pullback, we found support between the 50.0%-61.8% Fibonacci levels. If we manage to stay at this level, a new bullish impulse could happen and retest last night's maximum at the 0.97500 level. A potential higher target is the 0.98000-0.98500 resistance zone.