EURUSD – currency pair remains under pressure

12.02.2024

Four-hour chart of EUR/USD. On Friday, the situation on the chart did not change significantly. The currency pair managed to stay above the line of the four-hour supertrend, but failed to rise above the mark (1/8). The corrective pullback from the main support level (0/8) is still very modest. Against this background, we continue to consider the scenario with the quotes decline and at least retest of the main support level (0/8) as a priority. In the medium term, we can expect a decline in quotes in the direction of the level (-2/8).

Recommendations: Sell 1.0805, TP 1.0700