EUR/USD is trading around 1.1797, around the 21 SMA on the 200 EMA, showing a slight technical correction after attempting to break through the downtrend channel around 1.1830.
If EUR/USD falls below 1.1800 in the coming hours, this could be seen as a bearish signal, and the price could reach around 1.1718.
If the euro consolidates above the 200 EMA, EUR/USD should consolidate, and we can expect a recovery in the coming days, 1.1840.
If EUR/USD falls below 1.1800 in the coming hours, this could be seen as a bearish signal, and the price could reach around 1.1718.
If the euro consolidates above the 200 EMA, EUR/USD should consolidate, and we can expect a recovery in the coming days, 1.1840.
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