EUR/USD Continues Downtrend After Key Break
Cập nhật
On the 4-hour chart, the EUR/USD pair broke the key support at 1.0450, confirming the continuation of the downtrend. After the breakout, the price had a slight recovery but did not have enough momentum to break above the 1.0450 area, which has now become a strong resistance.
The pair is below both the 34 EMA and 89 EMA, indicating that the downtrend is still dominant.
The next support zone is at 1.0350, and if this level is broken, the price is likely to continue falling towards the 1.0300 area or lower.
I expect the price to continue falling in the coming sessions. The short-term target is the 1.0350 area, and if selling pressure continues to increase, the pair could test the 1.0300 area.
The pair is below both the 34 EMA and 89 EMA, indicating that the downtrend is still dominant.
The next support zone is at 1.0350, and if this level is broken, the price is likely to continue falling towards the 1.0300 area or lower.
I expect the price to continue falling in the coming sessions. The short-term target is the 1.0350 area, and if selling pressure continues to increase, the pair could test the 1.0300 area.
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