EUR/USD currency pair in a potential downtrend.
The EUR/USD chart indicates a possible downtrend as the price breaks a key support level. The RSI is neutral around 50, while the MACD histogram shows waning bullish momentum, suggesting a further bearish move. The next support zone is at 1.0500, and traders should watch for additional confirmation.
💼 Remember: Trading involves significant risk. Capital at risk.
💼 Remember: Trading involves significant risk. Capital at risk.
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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.