FX.co ★ EUR/USD

What happened during the past trading week for the EUR/USD pair? The price dropped near the lows and attempted to go lower, but failed. Buyers pushed the price up in a correction. EUR/USD tested the key resistance level of 61.8% (1.1775) Fibonacci retracement. Above it passes the 14.6% higher retracement. If this level had been tested, an internal pattern would have formed, but there are questions whether it exists on the chart. A resistance cluster could be precise for a reversal, which happened. Perhaps it's not worth thinking about whether there is an internal pattern or not. It's probably necessary to focus on the key target of 61.8% black Fibonacci retracement, corresponding to the level of 1.1600. I predict a drop to this level next week.