EURUSD – The Currency Pair Fails to Break Through the (4/8) Level

29.04.2024

H4: The currency pair has failed to overcome the main support/resistance level (4/8). As the price remains below the (4/8) level, the primary scenario considered is a decrease in quotes towards the dynamic support represented by the four-hour super trend line. The medium-term target should be considered at the (2/8) level.

Trading Decision: Sell at 1.0730, TP at 1.0620.