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

03.06.2024

H4: The currency pair has managed to hold above the daily supertrend line and has resumed its upward movement. Currently, the price is testing the (6/8) level. Against this backdrop, the preferred scenario involves breaking through the (6/8) level and updating the local maximum. This scenario will be invalidated if the price consolidates below the four-hour supertrend line.

Trading decision: Buy at 1.0830, TP at 1.0905.