Forex24.pro suggests a test of the support area near 1.2160, where we expect a rebound and an attempt to continue the pair’s growth to the level above 1.2310, the cancellation of the EUR/USD fall will be a breakdown at the level of 1.2100, which will indicate on the continuation of the fall of the pair into the area below the level of 1.2000.
EUR/USD Daily Forecast - 26 April
The cancellation of the growth of the Euro/Dollar quotations will mark the breakdown at the level of 1.2100, which will indicate the breakdown of the lower boundary of the bullish pattern «Wolfe Wave» and the continuation of the Euro/Dollar fall below 1.2000. The pair’s resistance is expected to be confirmed by the breakdown of resistance and closing above 1.2250.
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