For , the sellers have been in complete control in the previous days but have found powerful support at the 1.15840 level.
The short term could provide an excellent bounce point that sends the price to the 1.16650 Fibonacci levels. After that, the price could then resume its downtrend.
The current macroeconomic statistics suggest a further decline in EUR/USD. According to published , US GDP growth was 6.7% (the initial estimate was 6.6%). The GDP price index increased by 6.2% (6.1% earlier), and the base return on capital employed (RCE) – by 6.1%.