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Jun 04, 2025

EUR/USD chart on the hourly time frame

EUR/USD chart on the hourly time frame

Yesterday, we wrote; “we see some weakness early today as indicated by the weak and diverging momentum.
 
We expect the Euro to re-test 1.14 and expect a further decline should it break below this level and head towards 1.1385 and 1.1352”

At this stage, we are satisfied with the limits of this decline and now expect to see some recovery towards the 1.1390 – 1.14 range.  
 

 

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