• Recently highlighted a descending channel on the Euro Dollar
• Trading the channel is buying at the lower trend line and selling at the upper one
• As shown, the pair touched the support line twice between 26 and 28 September and bounced from there
• Bulls are now fighting to surpass a critical area between 0.99 and 1.00
• Best level to sell is the resistance line today at 1.0050
• Trading the channel is buying at the lower trend line and selling at the upper one
• As shown, the pair touched the support line twice between 26 and 28 September and bounced from there
• Bulls are now fighting to surpass a critical area between 0.99 and 1.00
• Best level to sell is the resistance line today at 1.0050
Comment:
Pair turned south again just below the upper resistance trend line
Ramzi Abou Abdallah, CFTe, CMT
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♦️ t.me/accu_trading