FX.co ★ EUR/USD

News EUR/USD furame Time™ H4 Good mood everyone! Directing the linear regression channel is towards the south according to the four-hour frame. This shows the active actions of the seller, who is making efforts to visit level 1.06935. The bears need to get in there and go lower to break the uptrend on the hourly frame. Short positions by the seller are near the upper edge of the channel to level 1.07804. This target is interesting for bulls, who will try to visit and violate it, in order to break the bearish mood and activate growth according to their trend. From level 1.07037, if there is a slowdown, I will consider selling. It is advisable to wait for reversal information so as not to get caught in the impulsive upward movement that the bulls may form in order to take bearish positions.

The situation on H4 is bearish, but on the 4-hour chart the linear regression channel is growing, which expresses an upward trend. Will the bears be able to beat the bulls? This will be noticeable because the market will react to the seller's goal being achieved. It is near the lower border of the channel 1.06935. Buyers must be visible when approaching or approaching them. If a bullish growth reaction is visible, it means that there are strong buyers who will try to stop the downward movement and lift the market. Then the bull market will set the level of 1.07575. Another option that might result from sellers' activity is a break from 1.06935, so there is no talk of any buying. The decline is likely to continue.