FX.co ★ EUR/USD

Hello traders, The currency pair EUR/USD has been experiencing a corrective decline since yesterday. During the Asian session, the pair saw a slight increase, breaking through the daily pivot level at 1.1656 and reaching the nearest resistance at 1.1672. However, as European traders entered the market, the situation changed. The price reversed past the pivot level and settled in the selling area. Currently, the two nearest support levels at 1.1641 and 1.1631 have already been tested. The main target is set at the key level of 1.1615. There is also an additional target at the support of 1.1595 for a maximum intraday decline. However, it is not guaranteed that we will reach that level, as the trading week is coming to a close.