EUR/USD : Ready for Fall ? (READ THE CAPTION)

8 sept. 2024

By analyzing the EUR/USD chart on the 4-hour timeframe, we can see that after the drop last week to 1.10665, the price eventually closed at 1.10853. I expect that in the upcoming week, after a short initial rise, we will see further decline in EUR/USD. The potential targets for this drop are 1.10600, 1.10260, and 1.09960.

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Best Regards , Arman Shaban

10 sept. 2024

Transaction en cours

By analyzing the EUR/USD chart on the 4-hour timeframe, we can see that, as expected, the euro started to decline and hit the targets of 1.10600 and nearly 1.10260. After reaching 1.10280, it showed an initial positive reaction, but I expect that if the price breaks below 1.10260, we will see further correction in the euro.