FX.co ★ EUR/USD

Hello traders, looking at the EURUSD chart history, we can see that the price previously attempted to continue its bullish trend, but failed to break above the 1.187 maximum. Currently, the price is showing a descending dynamic, confirmed by the convergence of the 50-13 moving average parameters. At the moment, the key level is the resistance at 1.184. We can observe on the H1 chart that the price has made multiple attempts to break through this level, making it crucial for decision-making. A sell signal for me will be generated after the currency is firmly below the lower level of 1.187. In this scenario, the stop loss will be set above the 1.184 maximum, where sell positions will be canceled in case of a loss. I also do not rule out a return of the currency to the 1.187 resistance from the local level of 1.184, where decisions will be made to enter a bullish trend.