FX.co ★ Wave Analysis of Daily Price Movement of EUR/USD Main Currency Pairs, Monday September 23, 2024.

If we look at the daily chart of the main currency pair EUR/USD, it appears that Fiber failed to test the 1.1202 level, thus indicating that in the next few days as long as this level is not retested and successfully broken upwards, EUR/USD has the potential to weaken down to test the 1.1003 level to form FPS (First Primary Swing) B. Later, after B is formed, there will be a slight correction B1 & B2 where the SS (Secondary Swing) is to form point C, which will be an important point to continue its weakening to point D, where the level of point D is the SPS (Secondary Primary Swing) which is in the range of level 1.0777.

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