EURUSD: Struggling at 1.0500, bearish risk ahead!

8 saat önce

Dear Traders!
Recently, EUR/USD has struggled to hold above the 1.0500 level. The pair’s upside momentum is influenced by the euro's support from rising hopes of a potential peace agreement for Ukraine.

On the 1-hour chart, while the uptrend remains intact and the parallel channel breakout has occurred, signs of a potential top are emerging around the key 1.0500 resistance. The immediate support is at 1.0465—if broken, EUR/USD could decline further toward 1.0400 or even lower, aiming to fill the gap and test the monthly low at 1.0358.

Watch for confirmation of a bearish break!

5 saat önce

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