daily chart of eurusd showing the descending channel mentioned in the previous monthly post (see attached). 1.0465/1.0510 will be an immediate hurdle while 1.0665 should cap near term upside.
Very short term the pair is likely to drift towards 1.03 projections. In the event of a break below 1.03 EURUSD will face an extended correction towards multiyear down slowing channel limit at 1.0180 and most importantly the psychological level we are all looking at 1.00
Very short term the pair is likely to drift towards 1.03 projections. In the event of a break below 1.03 EURUSD will face an extended correction towards multiyear down slowing channel limit at 1.0180 and most importantly the psychological level we are all looking at 1.00
