This image is a TradingView chart of the EUR/USD currency pair on the 1-hour timeframe.
Key Observations:
1. Price Decline: The pair is currently trading at 1.09296, showing a -1.10% decline.
2. Support Zone: A red horizontal zone is marked, indicating an area of previous support around 1.08000-1.08500.
3. Bearish Projection: A blue zig-zag arrow suggests a potential further downward movement towards the support zone.
4. Past Price Action: The chart shows a significant rally before this decline, with a sharp upward movement followed by a reversal.
5. Timeframe: The chart covers the end of March to early April 2025.
This analysis suggests traders are watching for a potential bounce or further breakdown at the support level.
Key Observations:
1. Price Decline: The pair is currently trading at 1.09296, showing a -1.10% decline.
2. Support Zone: A red horizontal zone is marked, indicating an area of previous support around 1.08000-1.08500.
3. Bearish Projection: A blue zig-zag arrow suggests a potential further downward movement towards the support zone.
4. Past Price Action: The chart shows a significant rally before this decline, with a sharp upward movement followed by a reversal.
5. Timeframe: The chart covers the end of March to early April 2025.
This analysis suggests traders are watching for a potential bounce or further breakdown at the support level.
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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.
XAUUSD GOLD + BTCUSD Daily 6-7 Free Signals📊🚀
💫Best Trading Team
✅GOLD
✅BTC
✅EURUSD
✅USDJPY
TELEGRAM CHANNEL 👇🏻👇🏻👇🏻👇🏻👇🏻👇🏻
t.me/Gold_Derive_Killer01
💫Best Trading Team
✅GOLD
✅BTC
✅EURUSD
✅USDJPY
TELEGRAM CHANNEL 👇🏻👇🏻👇🏻👇🏻👇🏻👇🏻
t.me/Gold_Derive_Killer01
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.