EURUSD: Critical Support Zone

EURUSD, H4

In the H4 timeframe, EURUSD navigates sideways, currently facing the crucial 1.1270 support zone.
The alligator's lips cross the jaw, while the MACD histogram crosses below the 0-line, suggesting two possible scenarios.

A from the 1.1270 support will trigger an upside toward 1.1370;

However, breaching below the support zone may lead to a decline toward 1.1090 support.

Trading foreign currencies on margin involves significant risks and may not be suitable for everyone, as high leverage can increase both potential gains and losses. Before entering the foreign exchange market, it is essential to evaluate your investment goals, personal experience, and risk tolerance.

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Author: Timur Yurdagyul

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