EUR/USD Struggles to Reach New Highs

19 thg 4, 2023

The EUR/USD currency pair has been encountering challenges in its attempt to reach new highs, ever since it hit the price of 1.1080 last week. Currently, the price has undergone a slight pullback, having retraced on the 61.8% Fibonacci level. In today's London session, the price has opened with a downward push, indicating that it may retouch the Fibo level once again. This development presents an excellent opportunity for traders looking to buy the Euro at a discounted price, with the potential for significant returns in the future.