FX.co ★ EUR/USD

Hello traders, What is happening with EUR/USD on the daily timeframe? The pair is consolidating after pulling back from the high. The price initially dropped to the 23.6% Fibonacci retracement support, then bounced back when it failed to stay below that level with the sellers. EUR/USD has entered an upward correction within the day. The target on this correction is at the 1.1750 level, where the 9% retracement level is located. I am quite confident that the price will rise to that point, but the question arises as to whether it will continue to increase towards the high or if a reversal will occur, leading to a decline back into the correction. This is a crucial moment because the pair's current position is uncertain, making it difficult to predict which direction it will move from the 9% level.