Euro / U.S. Dollar
Short

Correction and rebound down EURUSD. H4 08.10.2024

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Correction and rebound down EURUSD

The euro has pushed down and formed a sellers zone at 1.1045-1.1085 from which I recommend to look for selling on the fall to the margin and option support at 1.0880. Also 1/2 margin zone falls into the sellers' zone and judging by the growing cumulative on the price drop, we will continue to fall after the pullback, so I do not change the priority. Keep in mind that within the medium term this is a general downward correction as the more global up trend continues.

EURUSD

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