EURUSD Broke Bullish Channel
EURUSD began climbing at the beginning of the week but lost the handle and fell through the ground.
The price has clearly broken below the bottom of a bullish channel as well as the demand zone at 1.1610 area.
We expect the price to drop further towards the demand level at 1.1570 and shall wait for further upside pullback towards 1.1620 -1.1630 to sell again
Should the price falls without any pullback, we will also consider going long at the demand level of 1.1570
The price has clearly broken below the bottom of a bullish channel as well as the demand zone at 1.1610 area.
We expect the price to drop further towards the demand level at 1.1570 and shall wait for further upside pullback towards 1.1620 -1.1630 to sell again
Should the price falls without any pullback, we will also consider going long at the demand level of 1.1570
Related publications
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.