Dhothaka

$EURUSD Analysis

Short
FX:EURUSD   Euro / U.S. Dollar

We can see that the pitchfork points us down. The top and bottom trend lines form a slight downward channel. If this continues, we will see it come to a triangle. However, when the pair retest the broken trendline as shown in the graph (sorry for my messy work), the downward trend will be confirmed if the support turns into a resistance. If else, it will continue to move between the channel forming a wedge.

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