Bearish Momentum on EUR/USD (1H)
Analysis: On the EUR/USD 1-hour time frame, we can observe bearish momentum. Price has been steadily declining, forming lower highs and lower lows, indicating that sellers are currently in control.
We are approaching a potential support zone , which has acted as support in the past. If the price holds at this level, we could see a bounce or consolidation. However, if this level is broken, we may be looking at further downside targets .
We are approaching a potential support zone , which has acted as support in the past. If the price holds at this level, we could see a bounce or consolidation. However, if this level is broken, we may be looking at further downside targets .
TURTLE TRADER 7
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.