EURUSD – the currency pair may retest the (2/8) level

08.04.2024

H4: The currency pair continues to remain below the four-hour super trend line. Against this backdrop, a new downward wave can be expected within the day, targeting the (2/8) level, followed by a price reversal upward from this level. Further declines in quotes can only be expected after the price consolidates below the (2/8) level.

Trading decision: Sell 1.0864, TP 1.0805.