EURUSD: 4H Channel Down approaching 1.1300.

The price is being trading inside a 4H Channel Down (Highs/Lows = -0.0010, B/BP = -0.0014, RSI = 45.330) that has just posted a Lower High at 1.1384. We have a clear Resistance at 1.1500 and a support at 1.1300, which is where the price is trading towards. Since 1D remains on Lower Highs (MACD = -0.003, B/BP = -0.0011) even though it has marginally broken the rigid Channel bands and 1W a long term downtrend (RSI = 38.532, Highs/Lows = -0.0065), it will most likely even cross 1.1300 again towards 1.12134.



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