Get started
Elbruks

EUR Slide Respects The Channel Borders. What next?

Short
Euro / U.S. Dollar (FX:EURUSD)  
Elbruks  
FX:EURUSD   Euro / U.S. Dollar
Trend Analysis Chart Patterns
6
7
trendanalysis chartpattern
EUR has been sliding for some time.

The downtrend channel, as shown, has been well intact.

EUR price respect channel border. No channel lasts forever.

The question is will this channel be broken to lower or higher?

Our bias is lower.

-Signalwyse Team

Related Ideas

Elbruks
EUR May Have a Short-lived Bounce
Elbruks
EUR Looks For New Lows
Elbruks
EURUSD READY TO GO DOWN
Elbruks
WILL EURUSD BULLS SHOW UP OR GIVE UP?
Elbruks
CoT Profile Hints Something Very Important For FX Traders
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.