EUR/USD is currently moving within a clear descending channel on the 4H chart. Price recently tested the upper boundary of the channel and is showing signs of rejection, suggesting a potential move lower.
The chart outlines two bearish targets:
1st target around 1.12170, aligning with mid-channel support.
2nd target near 1.09637, at the lower boundary of the channel.
As long as the pair stays below the channel resistance and fails to break above the recent swing high, the bearish outlook remains valid. Confirmation of rejection and breakdown through support levels could accelerate the move toward the outlined targets.
The chart outlines two bearish targets:
1st target around 1.12170, aligning with mid-channel support.
2nd target near 1.09637, at the lower boundary of the channel.
As long as the pair stays below the channel resistance and fails to break above the recent swing high, the bearish outlook remains valid. Confirmation of rejection and breakdown through support levels could accelerate the move toward the outlined targets.
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🟡 TELEGRAM CHANNEL:
Free Signals With Technical Chart:
t.me/+JLFlD0eg3LFjNjU8
📞TELEGRAM ME
@t.me/daniel9145
Free Signals With Technical Chart:
t.me/+JLFlD0eg3LFjNjU8
📞TELEGRAM ME
@t.me/daniel9145
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.