Abhi_The_Chart_Reader

Formation of a Parallel channel

FOREXCOM:EURUSD   Euro / U.S. Dollar
This study is not a trade suggesion, it is only my opinion on the basis of my belife and study.

EUR-USD is working in a parallel channel since 4th of march 2022
now its on the verge of a breakdown/reversal .

lets wait and watch for a perfect timing to enter.

post your opinion in comments below -
Wheather it going to bounce back into channel
OR
Will it breakdown further

your every opinion will be answered... please share your thoughts.
Comment:
see how nicely it got support at dotted line and bounce back into the channel
Comment:
Formed a new channel..
Comment:
Almost 4% achived in 28 days

now it is very likely that price may fall a little bit more and will go up in upcoming days...

keep your eyes over it...
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