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Back Technical analysis
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Back Technical analysis
Forecast for EUR/USD on August 22, 2025
On Thursday, the EUR/USD pair consolidated
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On Thursday, the EUR/USD pair consolidated below the support zone of 1.1637–1.1645, and by Friday morning it reached the 50.0% retracement level at 1.1590. Fixing below this level will increase the likelihood of a further decline toward the next Fibonacci level of 38.2% at 1.1544, and further down to 1.1486. A rebound from the 1.1590 level would work in favor of the European currency and a modest rise toward the 1.1637–1.1645 zone. The wave pattern on the hourly chart
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Samir Klishi,
Analytical expert of InstaForex
© 2007-2025
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