FX.co ★ berta.hill | EUR/USD

Some news came out and the US dollar rose. EUR/USD dropped from the area of the 50% Fibonacci retracement resistance and the 200-period moving average. The price broke the 50% level, but was stopped by the MA200. So, what do we have in the end? EUR/USD is falling from resistance, so I will probably wait for a decline to the 23.6% retracement support level. If this happens, which I am confident about, then an internal pattern will be formed and the target at 61.8% will be revealed. It was already on the chart when we broke the 50% level, indicating a high probability of reaching the target, but it did not happen. In general, it seems that the pair is starting to actively decline after a small movement in consolidation. In the end, I predict a rise to 61.8%, but for now, a decline.