EUR/USD extends target decline to 1.070
Hello dear friends, are you wondering about the trend of EURUSD?
Overall EURUSD could not resist the downtrend, in line with our prediction yesterday.
EURUSD fell due to a stronger US Dollar, with the market influenced by hawkish sentiment around the Federal Reserve and expectations of persistently higher interest rates.
H4 setup, showing strong market resistance, following a decline below the psychological support level of 1,080. It clearly shows that this downtrend is likely to resume soon with a reversal signal from the 34 EMA. Given the current scenario, we may not encounter any significant support until we reach 1,070 .
What about you, do you think we should sell EURUSD?
Overall EURUSD could not resist the downtrend, in line with our prediction yesterday.
EURUSD fell due to a stronger US Dollar, with the market influenced by hawkish sentiment around the Federal Reserve and expectations of persistently higher interest rates.
H4 setup, showing strong market resistance, following a decline below the psychological support level of 1,080. It clearly shows that this downtrend is likely to resume soon with a reversal signal from the 34 EMA. Given the current scenario, we may not encounter any significant support until we reach 1,070 .
What about you, do you think we should sell EURUSD?
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Idee correlate
