P2D2

EURUSD - Long Term Perspective

Short
FX_IDC:EURUSD   Euro / U.S. Dollar
Reminder that on weekly chart EURUSD is in a 12 year down trend with 2 year narrower downwards channel. A couple of recent fake break outs of that channel due to market reaction to Fed doesnt in my opinion mean a change to long term trend. Given recent H&S neckline broken on 4hr time frame, looking for a resumption of downward channel and eventual test of 1.04
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