Hello dear friends! On the 4-hour chart, EUR/USD remains within a downward channel and is far from the lower boundary, indicating further potential for a decline. Breaking above the 1.0800 level would alleviate some of the downward pressure, but the Euro needs to rise above 1.0825 to negate the short-term bearish trend.
A clear break below the 1.0760 level could find support around 1.0735/40, followed by a possible temporary recovery.
A clear break below the 1.0760 level could find support around 1.0735/40, followed by a possible temporary recovery.
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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.