EU analysis today: The downtrend is still clear
Updated
Hello everyone!
Today, the Euro has made efforts to recover after hitting a new low in several months below 1.0450. The 4-hour chart shows a clear downward trend, although there is some short-term recovery. The outlook remains bearish as long as this currency pair stays below the 1.0640 level.
And you? What do u think ?
Today, the Euro has made efforts to recover after hitting a new low in several months below 1.0450. The 4-hour chart shows a clear downward trend, although there is some short-term recovery. The outlook remains bearish as long as this currency pair stays below the 1.0640 level.
And you? What do u think ?
Note
good luckNote
Immediate support is located at 1.0475 (lower limit of the descending channel) before 1.0450 (static level) and 1.0420 (static level from November 2022).Note
EURUSD is up to 1.0522Trade active
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