EURUSD: Find new upward momentum below the lows
Updated
Hello dear friends! On the 4-hour chart, EUR/USD remains within a downward channel and is far from the lower boundary, indicating further potential for a decline. Breaking above the 1.0800 level would alleviate some of the downward pressure, but the Euro needs to rise above 1.0825 to negate the short-term bearish trend.
A clear break below the 1.0760 level could find support around 1.0735/40, followed by a possible temporary recovery.
A clear break below the 1.0760 level could find support around 1.0735/40, followed by a possible temporary recovery.
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