EURUSD
Regarding the 4 Hour chart, the overall trend appears to be bearish as the price has breached support, indicating the possibility of a further drop. However, it's important to consider that there is high impact News on the horizon. The overall momentum remains bearish.
Exercise caution and wait for the price to break the recent low level before considering a short position
Exercise caution and wait for the price to break the recent low level before considering a short position
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.