EURUSD: The trend continues. Sell again over the 4H MA50.
EURUSD has been providing successive low risk signals inside the 2024 Channel Down, as every crossing over the 4H MA50 is a technical sell opportunity. The 1D technical outlook remains bearish (RSI = 36.769, MACD = -0.004, ADX = 25.401) which continues to justify selling inside the Channel Down pattern. We are waiting for yet another 4H MA50 breach in order to sell and target a new -1.33% decline (TP = 1.06600).
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