EUR/USD:
The continuous hawkish speech of the Federal Reserve prompted the dollar index to continue to rise, and the euro against the dollar fell.
The price of the D1 chart has successfully broken through the lower support level yesterday, and it can be seen that the price of the RSI indicator has officially entered a downtrend. And the Fibonacci backtest price also reversed and fell after hitting the 0.618 position.
Although the price of the H1 chart is currently oversold, the current market is still conducive to pushing prices down. Insurance seekers can wait for a pullback to enter the market short.
All transactions involve risks, the above analysis is for reference only. When placing an order, be sure to set the lot size and remember to set the stop loss.
