Euro / U.S. Dollar
Short
Updated

DeGRAM | EURUSD pullback in the channel

451
EURUSD is moving in a descending channel between trend lines.

The chart maintains a downward structure.

The price keeps the downward trend after reaching the upper boundary of the channel and dynamic resistance.

The pair has reached the support level.

We expect the decline to continue after retesting the 38.2% retracement level.

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Trade closed: target reached
Closed +47 PIPS

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