Euro / U.S. DollarShort
DeGRAM | EURUSD decline in the channel
EURUSD is in a descending channel between trend lines.
Price has reached the upper boundary of the channel and dynamic resistance and is now holding under the 62% retracement level.
The chart has broken the descending structure, but the ascending one has not been formed yet.
The indicators on the 1H Timeframe indicate local overbought and a bearish divergence has formed.
We expect a decline in the channel after a retest of the upper boundary.
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Share your opinion in the comments and support the idea with like. Thanks for your support!
Price has reached the upper boundary of the channel and dynamic resistance and is now holding under the 62% retracement level.
The chart has broken the descending structure, but the ascending one has not been formed yet.
The indicators on the 1H Timeframe indicate local overbought and a bearish divergence has formed.
We expect a decline in the channel after a retest of the upper boundary.
-------------------
Share your opinion in the comments and support the idea with like. Thanks for your support!
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bit.ly/3spSQqC
🔻FREE Telegram channel🔻
t.me/DeGRAMChannel
🔻Contact for Paid SIGNALS🔻
t.me/DeGRAMForex
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.
🚀TOP 1 broker🚀
bit.ly/3spSQqC
🔻FREE Telegram channel🔻
t.me/DeGRAMChannel
🔻Contact for Paid SIGNALS🔻
t.me/DeGRAMForex
bit.ly/3spSQqC
🔻FREE Telegram channel🔻
t.me/DeGRAMChannel
🔻Contact for Paid SIGNALS🔻
t.me/DeGRAMForex
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.