EUR

٣١ مايو ٢٠٢٣The price has broken below the weekly 50 EMA and continued its decline towards the Point of Control (POC) zone. A break below the POC level will bring the price to the weekly 50 SMA. The price is in an oversold condition on some timeframes, indicating a high probability of a price bounce and a potential retest of the nearest resistance levels, which include the 50 EMA and the $1.72 level.