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fxpremiere
Feb 1, 2023 7:08 AM

Eurusd downtrend  Short

Euro Fx/U.S. DollarFXCM

Description

EURUSD

The price is moving towards resistance and upper border of the descending channel after forming the fake break at support level . The market probably will range, because on the 4H timeframe the price is in the range zone. I think the market will test resistance and then may go down if price makes a fake break, double top or tweezer top at the resistance zone . I expect the market continue ranging, bouncing between resistance and support levels. My target is support at 1.08385.
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