EUR/USD: we are waiting for the price at the level (4/8)

EUR/USD: we are waiting for the price at the level (4/8)

FOUR-hour EUR/USD chart. The currency pair is down from 1.2329 (5/8). The price is already below the four-hour supertrend line, so the decline may continue in the coming days. The immediate target is the main support/resistance level of 1.2207 (4/8). If this level is broken, the next goal of the drop will be 1.2085 (3/8). In this case, in the medium term, we see the formation of a wide side in the range (3/8 – 5/8). Conding on trade: sell 1.2280 take profit 1.2207