3 min readEURO VS DOLLAR (EUR/USD):
The EURO versus DOLLAR pair has been active in recent weeks and continues its downward trend into the new year. Currently, EUR/USD is trading just above the 1.03000 level.
On the weekly timeframe, it’s evident that the price has broken through the internal support level, which had been attempting to hold at around 1.05000. I am now observing how the price responds to this rebalancing zone identified using the Fibonacci tool. If the downward momentum continues and the price drops further, my focus will shift to lower support levels, particularly the extreme level near 0.97000.
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