EUR/USD (four-hour time frame):
Analyzing the chart of the EUR/USD, it can be seen that the euro is not rebounding from the decline. This means that people are not interested in buying in large quantities, despite the low prices.
Therefore, the downward movement will most likely continue.
Trading tips:
Sell positions are kept from the level of 1.2055. New sales will be considered only after an upward rebound.
There are no good levels to buy from yet.
Now, we will carefully monitor how the euro will behave by the time employment data in the US will be released at 13:30 Universal time.
