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EUR/USD Analysis and Forecast – June 1: Key Market Challenges Remain Unchanged
On Friday, the EUR/USD pair rebounded
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On Friday, the EUR/USD pair rebounded from the 50.0% Fibonacci retracement level at 1.1630, advanced toward the 38.2% Fibonacci level at 1.1682, rebounded from it, and reversed in favor of the U.S. dollar. As a result, the new week may begin with a decline toward the 1.1630 level. A rebound from this level would favor the euro and the resumption of growth toward the 1.1682 and 1.1746 levels. Consolidation below the 1.1630 level would allow traders to expect a continuation
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Samir Klishi,
Analytical expert of InstaForex
© 2007-2026
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