Technical analysis
Trading Signals for EUR/USD on August 4-6, 2026: sell below 1.1570 (21 SMA – 6/8 Murray)
The euro is trading around 1.1512
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04.08.2026 07:06 AM
The euro is trading around 1.1512 within an uptrend channel that has been forming since July 24, above the 21-day SMA and the 200-day EMA, and is likely to continue rising in the coming days.Looking at the daily chart, we can see that the 1.1570 area represents strong resistance, as the 200-day EMA is located there, and this could keep the euro under pressure below this level.Given that 1.1570 represents strong resistance for the euro, we could look for opportunities
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