EURUSD – The Currency Pair May Resume Growth

29.07.2024

H4: The situation on the chart remains unchanged. The currency pair continues to test the support at the weekly supertrend line. As long as the price cannot break below this level, we expect an upward movement to resume from this line, with the potential to update the local high. Otherwise, the price may continue to decline towards the weekly supertrend line.

Trading decision: Buy at 1.0830, TP at 1.1000.