EUR/USD Strategy for This Week
On the 4-hour chart, the EUR/USD pair is maintaining sideways movement around zone 1.0770 - 1.0760. Analysis Simple Moving Averages SMA 20 and SMA 50 indicates a downward trend phase. If the price breaks below the support level of 1.0724, this could lead to a stronger downtrend and may be tested further support levels .
However, the possibility of a price increase cannot be ruled out entirely. The Relative Strength Index (RSI) has crossed above the 45 level, suggesting short-term upward potential for the EUR/USD pair in the near future. This could result in a short-term recovery before the official downtrend begins, but additional signals should be monitored to confirm the market direction.
However, the possibility of a price increase cannot be ruled out entirely. The Relative Strength Index (RSI) has crossed above the 45 level, suggesting short-term upward potential for the EUR/USD pair in the near future. This could result in a short-term recovery before the official downtrend begins, but additional signals should be monitored to confirm the market direction.
منشورات ذات صلة
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.