DeGRAM

DeGRAM | EURUSD descending channel

Short
FX:EURUSD   Euro / U.S. Dollar
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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