Bearish divergence at the top of the downtrend channel.
EURUSD weekly chart
Can the support hold (blue dotted line ~1.2045 area) and price resolves higher, breaking out of the channel...
or
The support breaks and we head much lower?
Can the support hold (blue dotted line ~1.2045 area) and price resolves higher, breaking out of the channel...
or
The support breaks and we head much lower?
Charts Avenue
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.