EURUSD - 4hrs ( SELL Trade 2.50% )

٢٧ أكتوبر ٢٠٢٣

🎗️Name : EUR/USD
🗨Time Frame : 4hrs Chart
(🖇️Short Order )
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🧾 : WHY IS EURUSD GOING DOWN?
The Eurozone is an important trading partner for many countries, including the United States. When the EUR/USD exchange rate changes, it can affect the balance of trade between these areas. A strong Euro (high EUR/USD exchange rate) can make Eurozone products more expensive for US consumers, potentially reducing exports from the Eurozone to the US. This could adversely affect European companies and stocks, especially those with heavy exposure to exports.

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➖Bearish Break
1.06000 Area
Reasons

Major Turn level / M
visible Range Lvn
Pattern Break Out
Major Choch Area
Quarter's Area


➕Bullish Reversal
1.02800 Area
Reasons

Major Turn level / W
Pattern Target
Visible Range Lvn
Liquidity Zone

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