FOREXCOM:EURUSD   Euro / U.S. Dollar
EURUSD outlook

EURUSD is moving up in an ascending channel , however, price has been creating lower lows and lower highs within a smaller internal descending channel .

Today we tested the bottom of the ascending channel and the midpoint of the descending channel . to continue the bullish trend we need to see price breakout of the smaller descending channel to the upside.

Comments

Thanks for the analysis. What do you think now that it fell significantly? Thanks.
Reply
@lhumsy01, Thanks!
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