Saved local copy captured 2026-11-01. Data is a snapshot, not a live feed.

EURUSD – The Pair is in the Oversold Zone

07.10.2024

H4: On Friday, the currency pair continued its downward movement and broke through the key support level (0/8). This signals a continuation of the downtrend in the medium term, targeting the lower boundary of the oversold zone (-2/8). Currently, the price is at the (-1/8) level. From this point, a corrective movement towards the (0/8) level can be expected, followed by a resumption of the downward movement.

Trading decision: Sell 1.1098, TP 1.0925.