Hello everyone, A good opportunity has been detected on the EUR/USD pair. After strong upward movement on the EUR/USD, the price entered a downward channel. The price after forming consecutive lower lows and lower highs, has recently found resistance on the downward trendline. We are expecting the price to reach approximately the 1.1100 price level, which is also a major psychological support level, where we have a 61.8% Fibonacci retracement level and the return line.
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