EURUSD – The Currency Pair May Test the Level (6/8)

08.07.2024

H4: The currency pair continues to test the resistance in the form of the weekly supertrend line. So far, the price has not been able to consolidate above this level, but the upward pressure on the price is increasing. Therefore, the scenario of updating the local maximum is considered a priority. This scenario may be canceled if the price drops below the dynamic support in the form of the four-hour supertrend line.

Trading decision: Sell 1.0855, TP 1.0770.