EURUSD has been in a downtrend and it suffered so much losses the past weeks. We notice that it has been moving within a descending channel. The support of this channel was respected several times, when the market came to it, it rose up especially in August 2021 where it rose up strongly. Price went up at that time all the way to 1.19000 and it dropped significantly from there. Now price is currently at 15710. I expect EURUSD to gain this week, but before it does it might drop a little bit down towards the psychological level 1.15000 and from there I expect price to rise at least towards 1.17000.
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