EUR / USD was at the approximate level of 38.2%, and rose again in the month of April and continues the upward trend in the first weeks of the month of May. Although it is in a bullish market, this is still part of the 38.2% correction that was from January to March.
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| Fibonacci Analysis and Forecast for EURUSD H8 Chart |
After reaching the price range of 1.22, the expectation is to start a bearish trend shortly thereafter, and may approach or even exceed the price level of 1.17, probably ending the correction started in January.
