EURUSD: We are waiting for a break
Updated
Hello traders,
The bearish channel is obvious in the chart! you can see that upward moves are weak but the downwards are so strong. I consider the trend to be bearish. However, while my total bias over the pair is still bearish I think any breaks over the zone might lead the price to reach the next strong zone which is around 1.0790
At the same time breaking the bullish yellow trend line down and the zone would alter our bearish scenario. Can't wait to the results.
Have fun and enjoy your life.
The bearish channel is obvious in the chart! you can see that upward moves are weak but the downwards are so strong. I consider the trend to be bearish. However, while my total bias over the pair is still bearish I think any breaks over the zone might lead the price to reach the next strong zone which is around 1.0790
At the same time breaking the bullish yellow trend line down and the zone would alter our bearish scenario. Can't wait to the results.
Have fun and enjoy your life.
Note
I've honestly lost the entry point there but if you are in the trade its good time to think about closing it!
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