Currently EURUSD is in a descending channel heading to the Daily lower trend line. THIS COULD MEAN PRICE WILL JUST BOUNCE TO THE UPSIDE AT THE TOUCH OF TRENDLINE
But there are more chances of price breaking to the downside but its most important to wait for the price action to show us where to go
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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.