EURUSD – the currency pair remains in the oversold area

06.03.2023

Four-hour EUR/USD chart. The currency pair remains in the oversold area. This zone is characterized by the fact that its entire area supports the price. Therefore, further price declines are often accompanied by significant corrective pullbacks. Nonetheless, till the price remains below the (0/8) level, the bearish movement scenario with the main target at 1.0498 (-2/8) remains the priority.

Recommendations: Sell 1.0645 TP 1.0498