EURUSD was in a rough correction for the last 37 days ( 20 jun to 27) , forming a descending channel. now the price broken the channel creating a new higher highs. this may become the beginning of the impulsive phase after more than one month of correction. also, there is a possibility that the price may fall down to create a double bottom in HTF, because there is a a price action gap present still!
Comment:
i mean ; 20 Jun to 27 july, 2021!