EURUSD still remains in the long-term bearish on the monthly timeframe with expected target to the lower downtrend channel at area 0.90 at least.
On the daily and weekly timeframes, EURUSD reached today the bottom of the downtrend channel and nearly the psychological level at 0.95 area.
Possible correction underway (in the short-term) back to retest the previous broken support (demand) zone
(currently the resistance and supply zone) at area 0.9890 - 0.99.
Next down target after finishing retesting is back to the lower daily downtrend channel at area 0.90-0.93.
On the daily and weekly timeframes, EURUSD reached today the bottom of the downtrend channel and nearly the psychological level at 0.95 area.
Possible correction underway (in the short-term) back to retest the previous broken support (demand) zone
(currently the resistance and supply zone) at area 0.9890 - 0.99.
Next down target after finishing retesting is back to the lower daily downtrend channel at area 0.90-0.93.
