🔻 EUR/USD Falling on the 4H Timeframe 🔻
Downtrend: The EUR/USD currency pair is currently in a strong downtrend on the 4H timeframe.
Support Levels: Key support levels are located at 1.0850 and 1.0800.
RSI Indicator: The RSI indicator is currently in the oversold zone, indicating a potential continuation of the downtrend.
Strategy: Traders can use short-term trading strategies such as scalping to take advantage of this downtrend.
Support Levels: Key support levels are located at 1.0850 and 1.0800.
RSI Indicator: The RSI indicator is currently in the oversold zone, indicating a potential continuation of the downtrend.
Strategy: Traders can use short-term trading strategies such as scalping to take advantage of this downtrend.
Trade closed: target reached
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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.