Hello dear friends, are you wondering about the trend of EURUSD?
Overall EURUSD could not resist the downtrend, in line with our prediction yesterday.
EURUSD fell due to a stronger US Dollar, with the market influenced by hawkish sentiment around the Federal Reserve and expectations of persistently higher interest rates.
H4 setup, showing strong market resistance, following a decline below the psychological support level of 1,080. It clearly shows that this downtrend is likely to resume soon with a reversal signal from the 34 EMA. Given the current scenario, we may not encounter any significant support until we reach 1,070 .
What about you, do you think we should sell EURUSD?