Description
⋅ 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