EURUSD has almost hit the top of the 12 month Channel Down and started to pull back with today's 1day candle being the strongest daily selling since November 30th.
The 1day MACD has formed a Bearish Cross and the downside potential inside this Channel Down is seizeable.
For now sell and target 'just' 1.07215 (bottom of the Megaphone and Rising Support).
If the Rising Support breaks, we will update with a new target, close to the bottom of the Channel Down, but with an entry near the 1day MA50.
Follow us, like the idea and leave a comment below!!
The 1day MACD has formed a Bearish Cross and the downside potential inside this Channel Down is seizeable.
For now sell and target 'just' 1.07215 (bottom of the Megaphone and Rising Support).
If the Rising Support breaks, we will update with a new target, close to the bottom of the Channel Down, but with an entry near the 1day MA50.
Follow us, like the idea and leave a comment below!!
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