The EURUSD 4H chart is nicely trending down. The dynamic resistance is working like a charm. The price pattern is respecting the 3SMA pattern where 30,50 and 100 SMA are aligned and giving a notion that the price deserves a smart down move. If conditions are not changed and oscillations continue like this, there is a hope for a down move .
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.