Analysing the EURUSD pair on the 4-hour timeframe indicates a potential test of a significant trend line.
The pair's recent activity suggests consolidation following a bounce near the descending trend line.
A bearish breakout below the support level provide strong confirmation for a sell position.
The anticipated retracement target is projected to be at the 1.1540 level.
The pair's recent activity suggests consolidation following a bounce near the descending trend line.
A bearish breakout below the support level provide strong confirmation for a sell position.
The anticipated retracement target is projected to be at the 1.1540 level.
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Disclaimer
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