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04.08.2026 10:52 AM
On Monday, the EUR/USD pair rebounded from the 76.4% Fibonacci retracement level at 1.1551, reversed in favor of the U.S. dollar, and declined toward the 61.8% Fibonacci retracement level at 1.1507. A rebound from the 1.1507 level today would favor the euro and support a resumption of the upward move toward 1.1551. Consolidation below the 1.1507 level would allow traders to expect a continued decline toward the next Fibonacci retracement level of 50.0% at 1.1472. The wave structure on
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