FX.co ★ berta.hill | EUR/USD

Colleagues, hello everyone! I’m offering a technical analysis of the EUR/USD currency pair on the four-hour timeframe (H4). After a sharp decline from 1.1616 to 1.1324, a natural rebound has formed on the chart. At the moment, the quotes are around 1.1383. The main indicators below, MACD and KST, are still in the negative area of the window, but are already confidently signaling growth. The corrective CCI has placed its lines above the zero mark, which indicates a possible imminent completion of the rebound. The 50-period moving average (MA 50) is located above the price, acting as resistance and confirming the downtrend. As a result, we expect the correction to end with a retest of the 1.1428 level, and after that, a continuation of the decline toward the 1.1324 area.