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03.08.2026 10:34 AM
On Friday, the EUR/USD pair first underwent a corrective pullback before resuming its upward movement and testing the 76.4% Fibonacci retracement level at 1.1551. A rebound from this level would favor the U.S. dollar and a moderate decline toward 1.1507 and 1.1472. Consolidation above 1.1551 would increase the likelihood of continued growth toward the next Fibonacci level at 100.0% – 1.1620. The wave structure on the hourly chart has turned bullish. The most recently completed downward wave broke
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