Euro / U.S. DollarShort
EUR/USD: Bearish Correction in Progress
📉 EUR/USD Update
As expected, the market broke below the highlighted blue support, leading to a significant price drop.
On the 4-hour chart, I observed further confirmation of the bearish trend—a break below both the support line of a rising parallel channel and a key support level within a smaller range.
I expect this downward movement to continue towards 1.0353.
As expected, the market broke below the highlighted blue support, leading to a significant price drop.
On the 4-hour chart, I observed further confirmation of the bearish trend—a break below both the support line of a rising parallel channel and a key support level within a smaller range.
I expect this downward movement to continue towards 1.0353.
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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.