EURUSD – Currency Pair Trades in a Narrow Range

01.04.2024

H4: The currency pair has managed to stay above the reversal level (1/8), signaling a potential for a reversal pattern targeting the main support/resistance level (4/8). However, confirmation requires the price to stabilize above the four-hour supertrend line. Today, the preferred scenario is a sideways movement within a narrow range.

Trading decision: Buy at 1.0770, TP at 1.0864.