As shown in the figure, the EURUSD fell from a high of 1.2349 on January 6 to a low of 1.1704 on March 31, and rebounded sharply to around 1.2150 in April. The entire graph can form a "mid-term downtrend channel". The current price Around 1.20 integers.
The EURUSD price must rise above the April 29 high of 1.2150 in the short term for the April upward trend to continue.
Otherwise, the higher probability that the EURUSD will continue to trend downward in the "mid-term downward trend channel" in the future.
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.