Update for 📉EURUSD. As I had anticipated, the market was able to break below the highlighted blue support, causing the price to decrease significantly.
Upon examining the 4-hour time frame, I noticed another indication of a bearish trend - the breaking of a support line in a rising parallel channel and a support level within a small range.
I anticipate that this bearish trend will continue towards 1.0353.
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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.