EURUSD – Awaiting Resumption of Downward Movement

27.05.2024

H4: From the daily super trend line, the currency pair has shown a rebound upward, but the price has not managed to rise above the level (6/8). In this context, a scenario involving a price decrease is considered a priority. The intraday target is the daily super trend line. In the medium term, we expect the price to decrease to the main level of support/resistance (4/8).

Trading decision: Sell at 1.0850, TP at 1.0742.