EURUSD is trading in the descending channel.
The market is in the consolidation zone, bears could not make a lower low, and then price pulled back to the resistance level.
Price is decelerating at the resistance level, and it looks like it is going to bounce off.
We expect further consolidation, meaning a price range between 1.07500 and 1.06500 .
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Share your opinion in the comments and support the idea with like. Thanks for your support!
The market is in the consolidation zone, bears could not make a lower low, and then price pulled back to the resistance level.
Price is decelerating at the resistance level, and it looks like it is going to bounce off.
We expect further consolidation, meaning a price range between 1.07500 and 1.06500 .
-------------------
Share your opinion in the comments and support the idea with like. Thanks for your support!
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🔻FREE Telegram channel🔻
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t.me/DeGRAMForex