The possibility of earlier-than-anticipated interest rate cuts in the Eurozone, along with the recent sell-off in indices, is exerting pressure on the EUR/USD pair.
Since sellers managed to break through the support zone defined at 1.072, the downward trend has intensified further.
However, recently there has been some indecision in the EUR/USD, with the price fluctuating within the range of 1.06 to 1.068.
On the 4-hour chart, it can be observed that the price is forming a channel pattern. If sellers succeed in breaking the lower boundary of the channel, then a new downward movement towards the next support zone at 1.055 should not be ruled out
EUR/USD 4 hours time frame chart. Source: xStation 5
Dollar Index, 4 hours time frame chart. Source: xStation 5
Forex Heatmap. Source: xStation 5
Henrique Tomé,Analyst Portugal
حصاد الأسواق: الدولار يرتفع والنفط يتراجع؛و EURUSD يسجل أدنى مستوياته منذ عدة أشهر
هل تكفي نتائج ميكرون الأسواق لاستكمال الاتجاه الصعودي
عاجل: بيانات مؤشر معهد إدارة التوريدات (ISM) للصناعات التحويلية في الولايات المتحدة دون التوقعات!
زوج اليورو/دولار يواصل تراجعه 📉 هل تُلقي أسعار الطاقة المرتفعة بظلالها على أوروبا؟