EU analysis today: The downtrend is still clear

Diupdate
Hello everyone!

Today, the Euro has made efforts to recover after hitting a new low in several months below 1.0450. The 4-hour chart shows a clear downward trend, although there is some short-term recovery. The outlook remains bearish as long as this currency pair stays below the 1.0640 level.

And you? What do u think ?
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good luck
Komentar
Immediate support is located at 1.0475 (lower limit of the descending channel) before 1.0450 (static level) and 1.0420 (static level from November 2022).
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EURUSD is up to 1.0522
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