EUR Basket made of 4 currency pairs is on a congestion of several supports and could breath a bit.

Here are the supports:

* Lower bound of the descending channel.
* 50% level of the pullback
* 23.6% level of the bigger picture impulsion.

Elder impulse candle color changed from red to blue (before green?) on the daily chart .

I also asked myself if we could see a "fractal effect" playing out on the 50% fibo level from the pullback.



To summarize:

Trend remains intact but **I would'nt short** it until futher notice.
Several daily closes under dotted line 23.6% would accelerate the down-trend
fash
2 years ago
Excellent stuff, I'm following u after seeing this...

I think if any, EUR/GBP is a good candidate to bounce. I took a small long on the last dip
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Completely destroyed. We got the signal :)
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