Potential Bearish Reversal Ahead

לפני 8 שעות

Potential Bearish Reversal Ahead

EURUSD is currently trading around 1.078, moving within an upward channel. However, recent price action suggests a possible trend reversal. The chart shows signs of weakening momentum, and a break below the channel could lead to a further decline.

If the price breaks the lower trendline support, it could open the path toward 1.073 and potentially lower levels. Traders should watch for confirmation of a breakout below the support level, as this could signal a shift to a bearish trend.

For now, the bias leans bearish, with caution advised on potential entry points near the channel's lower boundary.

לפני 8 שעות

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