Downtrend: The EUR/USD currency pair is currently in a strong downtrend on the 4H timeframe.
Support Levels: Key support levels are located at 1.0850 and 1.0800.
RSI Indicator: The RSI indicator is currently in the oversold zone, indicating a potential continuation of the downtrend.
Strategy: Traders can use short-term trading strategies such as scalping to take advantage of this downtrend.
Support Levels: Key support levels are located at 1.0850 and 1.0800.
RSI Indicator: The RSI indicator is currently in the oversold zone, indicating a potential continuation of the downtrend.
Strategy: Traders can use short-term trading strategies such as scalping to take advantage of this downtrend.
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