EUR/USD analysis

٩ مايو ٢٠٢٢

As you can see price touched support line at 1.04949 . This line is 100% of Fibonacci expansion. Price after touching this level started range situation. With this description we have two scenario. If price break this support level we expected a movement to 1.0350 and 1.0070 . Second level is very low . If price comeback with break of trend line tr1 we expect 38.2% Fibonacci at 1.075 and 50% at 1.083.