Hi traders, Eurusd is moving inside descending channel, price made nice buy impulse and is now making 1h correction which can be done. We expect nice wave to the downside on DXY and that should push EU up to break previus high 1.23500. Watch for strong breakout of that correction. Be carefull around channel trendline becouse price can drop again, but i want to see strong break of that trendline as well. Stay patient and watch the price!
Trade active
Price is pushing higher
Trade active
Enjoy your profits :)
Note
watch for breakout and continuation
Note
As you see price made complicated correction as a expanded flat. We are also having smaller buy impulse there, so i want to see slow A-B-C correction back to that trendline to confirm price pushing higher
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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.