EURUSD on the daily time frame is bearish and in a downtrend channel.
Correction might be underway to fill up the gap and retest the broken uptrend line at area 1.08 - 1.085 which is the previous support zone and currently the resistance zone, before the next big drop to the lower of the down channel at area 1.0450 - 1.05.
Correction might be underway to fill up the gap and retest the broken uptrend line at area 1.08 - 1.085 which is the previous support zone and currently the resistance zone, before the next big drop to the lower of the down channel at area 1.0450 - 1.05.
Note
Gap filled and the broken trendline was retestedNote
Still on targetNote
Targets remain the same.
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.