EURUSD is steadily falling

24 Ara 2024

EURUSD is currently in the downward channel, and the price trend is showing a steady and volatile downward trend. Previously, the price briefly went sideways after touching the lower track support of the downward channel, further expanding the price space below and forming a relatively clear head and shoulders top breakout structure. The formation of this structure further confirms the short-term downward trend.

From the short-term trend, EURUSD has rebounded to a certain extent after breaking down, but the upward momentum is limited. The key resistance levels above are around 1.046 and 1.052, while the support below focuses on 1.033 and 1.030. In terms of the overall trend, EURUSD continues the steady downward trend, indicating that the market short-selling force is still dominant.

Based on the analysis of the current trend and key points, it is recommended to focus on rebound shorting, strictly set stop losses, and pay attention to the breakout of key resistance and support to cope with potential market volatility risks.