FX.co ★ EUR/USD

Hello traders, On the 15-minute chart of the EURUSD instrument, it is trading below the trend line, confirming the strength of the downward movement. Currently, the price is at an impulse minimum of 1.178, providing a good opportunity to enter long positions at more favorable prices. If the currency continues its downward trend, the first level to watch for potential buying opportunities would likely be around 1.172, where, as history shows, a bullish rally began to emerge. If the price returns above the trend line and breaks the critical maximum of 1.181, selling positions will lose their relevance. Holding above the trend line would be a good opportunity to go long, but I believe we won't see this happening soon. Confirmation of my observation in the overall direction is supported by the following indicators. The Exponential Moving Average (EMA) with a period of 13-50 shows a downward trend, indicating that market entry should be sought only for selling positions.