Euro / U.S. DollarShort
EUR/USD
After a strong downward rally, price took a break in the form of a rising channel or flag. The price in the channel touches the lower boarder of the channel multiple times before a sharp bullish movement which was unable to form a new higher high, showing loss of bullish momentum. Price then reversed to break out of the channel and is now moving back to retest the zone area and channel before it continues to make moves to the downside, presenting a possible perfect entry on retest
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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.