EURUSD fell through the week and reached a new low of 1.1775 right at the bottom of a symmetrical triangle.
Although there's been multiple rebounds, none was sustainable and it's becoming clearer that EURUSD is falling within a falling channel and may persist on.
However, as long as the price is still within the structure, we will continue to look for buying opportunity since the price is very low and the risk is largely reduced.
This week, we will wait for a retest at 1.1790 to buy again while keeping in mind that there might be strong rejection at 1.1820, the top of the current falling channel.
Although there's been multiple rebounds, none was sustainable and it's becoming clearer that EURUSD is falling within a falling channel and may persist on.
However, as long as the price is still within the structure, we will continue to look for buying opportunity since the price is very low and the risk is largely reduced.
This week, we will wait for a retest at 1.1790 to buy again while keeping in mind that there might be strong rejection at 1.1820, the top of the current falling channel.
