Bearish Momentum on EUR/USD (1H)
Analysis: On the EUR/USD 1-hour time frame, we can observe bearish momentum. Price has been steadily declining, forming lower highs and lower lows, indicating that sellers are currently in control.
We are approaching a potential support zone , which has acted as support in the past. If the price holds at this level, we could see a bounce or consolidation. However, if this level is broken, we may be looking at further downside targets .
We are approaching a potential support zone , which has acted as support in the past. If the price holds at this level, we could see a bounce or consolidation. However, if this level is broken, we may be looking at further downside targets .
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