EUR/USD surpasses 38.2% Fibonacci retracement level
The EUR/USD pair has managed to surpass the 38.2% Fibonacci retracement level of its downward move from the 1.1672 swing high to the 1.1324 low.
The pair’s recovery is facing resistance near the 1.1675 level and the 100 simple moving average.
The bears remain active near these levels, indicating a tough climb for the pair from current levels.