Currency pair EURUSD, technical analysis. The basis of the trading system is support and resistance levels, RSI and AO indicators.
The pair in a slight flat continues to gradually decline. It tested the resistance level and is now trying to test the support level. Now let's see what the indicators on the H1 timeframe are saying. The pair has slightly risen, but has not reached the target and turned around. On the chart, it can be seen that the pair tested the 1.1550 level and is currently trading at a price of 1.1509. RSI is moving in the middle of the range and looking down uncertainly, AO is showing a weak selling signal, and the price of the EUR/USD pair is slightly below the previous day's trading range. The signals are not very strong, but there is a possibility of a slight decrease. I assume that the price will test the support level at 1.1485. Based on the analysis, cautious sales are recommended down to 1.1490. However, it is better to keep the risks moderate, so do not forget about stop-loss orders.
