EUR/USD traded higher after closing lower at 1.04150 yesterday. At present, the general trend of EUR/USD on the D1 chart is still in the bearish stage, and there is a chance to create a higher low. Can currently be placed at 1.02555
A head and shoulders pattern is forming on the H1 chart. The resistance level of the downtrend line also worked. Fibonacci backtesting can see that the price has formed resistance when it touches 0.382 many times. At this stage, the 0.382 position has also successfully blocked the price from rising and can be bearish.
Order suggestion:
high 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.
