Moving Within a Bearish Channel, EURUSD May Decline

The EURUSD currency pair exhibited high volatility during trading on Friday (April 4, 2025). A downward trend is evident, as observed in the 1-hour chart which is forming a Bearish Channel. As long as it remains within this pattern, the EURUSD pair is likely to experience a decline.

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On the 15-minute chart, the Stochastic indicator is declining but has not yet entered the oversold territory, indicating significant room for further declines. As long as it remains below 1.10800, the EURUSD still holds the potential for further decreases.

Technical References: sell
Potential Take Profit 1: 1.09500
Potential Take Profit 2: 1.09200
Potential Stop Loss 1: 1.10800
Potential Stop Loss 2: 1.11100