EURUSD – waiting for retest of the level (4/8)

04.03.2024

Four-hour chart of EUR/USD. The situation on the chart has not changed much. The currency pair continues to trade in a limited range. The boundaries of the price channel can be marked by the levels (2/8) -(4/8). Within the framework of the sideways channel development today we expect testing of its upper boundary, at the main support/resistance level (4/8). Within the day a short-term breakdown of this mark is possible, after which we should expect the formation of reversal signals.

Recommendations: Sell 1.0900, TP 1.0803