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Back Technical analysis
EUR/USD – October 29: What Impact Will the ECB's Decision Have?
On Monday, EUR/USD reversed in favor
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On Monday, EUR/USD reversed in favor of the US dollar, and the pair continued to decline on Tuesday and Wednesday toward the 1.1081–1.1086 support level. A rebound from this zone would favor the euro and allow for a modest recovery. However, it is currently extremely difficult to identify what could rescue the euro from its continued decline. A close below the 1.1081–1.1086 level would increase the likelihood of a further decline toward the 200.0% Fibonacci level at 1.0939. The
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