EUR/USD: EUR/USD fell below the key support level of 1.07 yesterday. The bearish trend is unstoppable. The D1 chart SAR can now be seen above the price and at some distance from the price indicating that the downtrend is very strong. The MACD indicator bearish volume breaking above the signal line also indicates a strong bearish trend. The RVI indicator has also formed a death cross signal.
The H1 chart SAR appears above the price. Although the RSI is currently oversold, it is inevitable that the downtrend is still strong, and waiting for a pullback can still be bearish.
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.
