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PUMPmaps

EUR

Euro / U.S. Dollar (FX:EURUSD)  
PUMPmaps  
FX:EURUSD   Euro / U.S. Dollar
Trend Analysis Chart Patterns Fundamental Analysis
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trendanalysis chartpattern fundamental
The price is moving within the boundaries of a descending channel. The lower boundary of the channel aligns with the weekly 50 EMA, which is a very strong support level. The price is in oversold territory, indicating a high probability of a upward bounce and a retest of the weekly 100 EMA.
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