Airwalker10
Long

EURUSD countertrend . Please share your opinion on this analysis

FX:EURUSD   Euro Fx/U.S. Dollar
46 0 6
I'm a new trader fascinated by technical analysis .

I'm really new to this and I'm trying my best to workout what are the tools that really defined the market moves.

Here is my analysis for the week:

After loosing momentum, bouncing on the midline of a monthly channel and breaking a 3-days descending channel EURUSD             looks like is due for a major correction.

I found a key level that could be of interest for countertraders as a target or for a level to look for an entry for those of you who are bullish on the euro             on the long run.

I would really appreciate your criticism on my analysis as I'm trying to distinguish what's relevant and what it's not on my chart.

Happy trading yall.
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