EURUSD – waiting for the price at (4/8)

06.02.2023

Four-hour EUR/USD chart. The currency pair continued its downward movement on Friday. Now the price is at the daily supertrend line, which can locally support the price, but the potential for the development of a corrective movement is still limited by the line of the four-hour supertrend. The downward movement vector with the target at the main support/resistance level (4/8) remains the priority.

Recommendations: Sell 1.0870 TP 1.0742