The EURUSD pair is trading in a downtrend, currently at 1.003.
On the daily chart of the asset, the price is falling within the global corridor with dynamic boundaries 1.024 – 0.97, getting ready to test the key historical support around 1. The four-hour chart shows that the potential for a downward movement is quite high, and the nearest solid support for the trading instrument can only be the initial trend of 61.8% of the Fibonacci extension around 0.9814. If the quotes fix below it, the downward dynamics may continue up to the basic trend of 100.0% on the Fibonacci extension around 0.9494.
Technical indicators keep a sell signal: indicator Alligator’s EMA oscillation range expands downwards, and the AO oscillator histogram forms downward bars in the sell zone.