Euro / U.S. Dollar
Updated

Your Guideline for EURUSD

93
These are important trendlines and channels that guide the eurusd's movements.
what we can see here, the blue channel middle line has lost support.
so I think the first target would be the amber line.
If it gets back from the current blue line the it can head to the green resistance line.

Let's watch the play
Note
amber line touched as predicted.
Let's watch out the price action for the next target.
Note
candles are about to hit a confluence of three resistance, red dotted channel line, red resistance line and blue midline (maybe a pullback to this uptrend ?!)
is it powerful enough?
It takes high volume I suppose.
Note
Well, It had no power and it's continuing to decline.
Amber support line is breaking.
If the breakout is confirmed, our next stop would be the purple line.
Maybe a confluence of purple and blue lines.
The purple line is also the 61.8% of the last upswing.
Note
Bill Williams would be short on this one because the fractal is broken.
Note
Purple line touched and reversed.
Look how beautifully it plays within these lines.
Trading simply using only trendlines!

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