FX.co ★ berta.hill | EUR/USD

Hello traders! Today, the quotes of the currency pair EUR/USD are moving in different directions on the four-hour chart, initially starting a new downward wave from the middle of the regression channel at the 4/8 resistance (1.1658). However, when attempting to break below the 2/8 reversal level (1.1627), in other words, the support at 1.1630, which is present in all other evaluation methods not regulated by the Murray indicator, we see a rebound and a resumption of growth. This currently contradicts the indication of the four-hour stochastic, which continues to decline. Considering the fact that no significant news is expected from the fundamental side, except maybe from geopolitics, it can be assumed that at any moment the EUR/USD pair may resume its decline from current levels, with a maximum after another test of the Murray 4/8 resistance (1.1658). However, it is not advisable to expect a deep decline in EUR/USD at the moment, and the maximum of my expectations is that the day will end near the Murray 1/8 reversal level (1.1612).