EURUSD – Currency Pair Trading Around the (5/8) Level

09.09.2024

H4: The currency pair attempted to resume its upward movement but faced strong resistance around the reversal level (7/8). The price resumed its decline and is now trading around the (5/8) level. In this context, the priority scenario is a further decrease in quotations towards the (4/8) level.

Trading decision: Sell at 1.1100, TP 1.1020.