EURUSD, H4
On the H4 chart, EURUSD is navigating within a downtrend and facing a crucial 1.0690 support zone. The 50-MA crosses the 100- and 200-MA’s, potentially signaling a bearish sentiment.
- If the price rebounds from the support zone, it will likely lead to a rise toward 1.7400
- However, breaching below the support will indicate a decline to 1.0650 support.