This image is a price chart of the EUR/USD currency pair on the 1-hour timeframe from TradingView.
Key Observations:
1. Downtrend Formation: A descending trendline (blue) indicates a bearish trend.
2. Support Zone: A purple horizontal zone represents a support level around the 1.0860-1.0870 range.
3. Price Action: The price is currently at 1.08694, showing a small decline (-0.16%).
4. Forecast: The chart has a blue projection arrow indicating an expected drop in price after a possible small upward retracement.
5. News Events: Three circular icons with the U.S. flag indicate upcoming economic events that could impact price movement.
This suggests a potential continuation of the bearish trend if the support zone is broken.
Key Observations:
1. Downtrend Formation: A descending trendline (blue) indicates a bearish trend.
2. Support Zone: A purple horizontal zone represents a support level around the 1.0860-1.0870 range.
3. Price Action: The price is currently at 1.08694, showing a small decline (-0.16%).
4. Forecast: The chart has a blue projection arrow indicating an expected drop in price after a possible small upward retracement.
5. News Events: Three circular icons with the U.S. flag indicate upcoming economic events that could impact price movement.
This suggests a potential continuation of the bearish trend if the support zone is broken.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.