EUR/USD 4HR // 18 July 2024 Analysis

EUR/USD has a beautiful downtrend setting up on the 4HR timeframe.

We can see that the price is moving towards the trendline.

If the price touches the trendline and shows us a good rejection from the the trendline as well as the area of support/resistance marked, we can look for potential sells.

A good area to target in the long run would be the 1.07500 area.
Chart PatternsTechnical IndicatorsthebrowntraderTrend Analysis

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