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RKarina
Mar 25, 2024 3:14 AM

EURUSD: Buy now? Long

Euro Fx/U.S. DollarFXCM

Description

Hello everyone, let's find out what's happening with EURUSD today!

Last Friday, EURUSD ended the week with a downward trend. But today, it has found some support at the 1.080 level, causing a slight comeback with the current price hovering around 1.082 as it aims for a recovery towards the Fibonacci target of 0.5 - 0.618.

If it can maintain the 1.080 support level, EURUSD still has a chance to rise. However, we should closely monitor the Fibonacci zone of 0.5 - 0.618 as sellers may push this currency pair down once again within this range.

What do you think? Do you see EURUSD shifting towards an upward trend?
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