Analyis made from higher timeframes, overall downtrend of this pair. triggers and signals of moves can analysed on the 15min or lower than the 1H to know exactly what is going on. The pair is currently trading near a key resistance zone (highlighted in purple), where sellers have previously dominated. I’m waiting for a potential rejection from this area, which...
The EUR/USD pair seems to be showing some promising signs of recovery after breaking out of the descending trendline (marked in white). Following the breakout, price action is retesting the key horizontal support zone around 1.0375–1.0400. This area has historically acted as a demand zone, making it a crucial level to watch. If the support holds, the pair could...