EUR/USD May Correct Downwards
#trading_idea #EURUSD 💡
💸 Euro Outlook
On the 4-hour chart, the price has moved below the 100-period moving average (MA), which was previously acting as support. The RSI (Relative Strength Index) is exiting the oversold zone, indicating a potential upward correction.
🔼If the price rebounds from the support 1.1030, a rise towards resistance zone 1.1072 - 1.1101 is possible.
🔽Alternatively, the break down the support 1.1030 and slide to 1.10 is likely.
🔷 😎 Choose "👍" if you expect a price rebouns and "👎" if you expect a decline.
💸 Euro Outlook
On the 4-hour chart, the price has moved below the 100-period moving average (MA), which was previously acting as support. The RSI (Relative Strength Index) is exiting the oversold zone, indicating a potential upward correction.
🔼If the price rebounds from the support 1.1030, a rise towards resistance zone 1.1072 - 1.1101 is possible.
🔽Alternatively, the break down the support 1.1030 and slide to 1.10 is likely.
🔷 😎 Choose "👍" if you expect a price rebouns and "👎" if you expect a decline.
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