After the breakout of the descending channel on the 4-hour time frame, we expect a positive move towards the gap of 1.04639. The EUR/USD index is still on a downward path, and as long as the 1.06053 level is not broken out, the downward path and trend is expected.
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.