EUR/USD trading in a buy area

Following the ECB’s interest rate decision on Thursday, the EUR/USD pair fell to refresh its lows across the board and now it’s trading between a Fibonacci demand area of 100% and 123.6%, in the 1.1701 and 1.1670 levels. Around that zone we can expect some rebound moves in order to test the 61.8% Fibo level at 1.1752.

RSI indicator remains in the oversold territory, calling for an imminent rebound.

usd eur

Felipe Erazo

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