forextidings

EUR/USD: Will The Bears Relinquish Control?

FX:EURUSD   Euro / U.S. Dollar
The EUR/USD made an Elliott wave. By following the RSI, Bollinger Bands, the conclusion we can have that if the trend remains over the parallel channel, then there will be an uptrend up to 1.1892 - 1.1906.
And if it's a consecutive candle breakdown a parallel channel, there will be a downtrend and reach the following targets 1.1860 - 1.1844.

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