EUR/USD Hello traders! EUR/USD on the chart with a M30 period - 30 minutes. Currently, the market has formed a favorable situation for the price to move south from the key level of 1.1649. The nearest targets are 1) 1.1641 target 2) 1.1639. The level acts as the first significant support, where price consolidation is possible. The second targets, target 1) 1.1627, target 2) 1.1625. This level is a deeper support level where the price may head in case of a strong impulse development. The scenario suggests a high probability to the south, especially if EUR/USD can hold below the level of 1.1649. If the scenario unfolds, the price may reach the nearest targets, 1.1641, 1.1639 within a few days. I recommend keeping an eye on additional analysis and taking into account the release of important economic news that may affect price movement. Wish you all successful trading!
