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EUR/USD Correction Phase and Fibonacci Retracement Levels The EURUSD currency pair, often nicknamed the "Fiber," is the most widely traded forex pair globally, representing the Eurozone's euro against the United States dollar. Today's fundamental outlook for EUR-USD is influenced by significant upcoming events, including the US Treasury International Capital (TIC) data, Federal Reserve Governor Christopher Waller's speech, US building permits, housing starts, and the University of Michigan consumer sentiment and inflation expectations surveys. Stronger-than-expected TIC and housing data could strengthen the USD, while a hawkish tone from Waller's speech could further support dollar strength. Conversely, the euro is affected by the European Producer Price Index (PPI), Eurozone Current Account data, and crucial speeches from ECB officials at the G20 meeting. Hawkish comments or higher-than-expected economic indicators from the Eurozone would provide bullish momentum for the euro. Image Chart Notes: • Chart time-zone is UTC (+03:00) • Candles’ time-frame is 4h. Analyzing the EUR/USD H4 technical chart reveals the pair entered a corrective phase after a significant bullish price action. Currently, EUR vs. USD is testing a crucial support zone near the 0.236 Fibonacci retracement level, making this area a key battleground for buyers and sellers. The appearance of long lower candle shadows suggests price instability and possible bullish rejection at these levels. However, as long as price action remains beneath the descending resistance trendline, the correction phase could extend further downward. The stochastic oscillator indicates an oversold condition, signaling potential bullish momentum soon, while the Williams %R indicator confirms an oversold scenario, suggesting a potential bounce back if buyers re-emerge. •DISCLAIMER: Please note that the above analysis is not an investment suggestion by “Capitalcore LLC”. This post has been published only for educational purposes. Capitalcore
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Funds have been credited to your balance. Transaction ID: 2805356 Date of transaction: 17.07.2025 15:57 Amount: 21.5 USD Payment system ePayCore E061591 Note: Withdraw to XtraProfit from FELOS LIMITED
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