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The price of EURUSD is anticipated to undergo a sharp decline

Euro / U.S. Dollar (OANDA:EURUSD)  
Ariana_alila  
OANDA:EURUSD   Euro / U.S. Dollar
Trend Analysis Chart Patterns Technical Indicators EURUSD sma Relative Strength Index (RSI) resistence support buy SELL Forex
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trendanalysis chartpattern indicator eurusd sma relativestrengthindex resistence support buy sell forex
Looking at the price chart, we can see that the SMA20 is declining significantly and has broken through the support zone at 1.7030, seeking a new support zone at 1.7026.

Additionally, the RSI indicator is about to surpass the oversold zone.

These indications suggest that the EURUSD pair is poised for a sharp decline.

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