• The EURUSD pair did not take advantage of the US Fed's negative and interest-canceling issue, so that the European single currency continued to fall after bouncing from the top of 1.1447 at Fibonacci 50 for the wave of 1.0340 1.2555 to settle near the bottom 1.1186 below the weekly average of 200 and increase selling pressure. li>

  • The pair's decline is expected to continue to stabilize below the 1.1364 resistance and break the bottom 1.1176 to target 1.1120 levels, which is expected to find a focus for buyers to push the price higher, especially with the continued divergence on the weekly chart, and the correction is not expected to exceed 1.1290 1.1320 areas. < / li>

  • On the other hand, a return above the resistance 1.1364 increases the strength of the buyers to breach the top 1.1448, and success in breaking this top targets the pair the psychological level 1.1500, and through it we may see a start for the pair with goals 1.1620 1.1710.