Euro / U.S. Dollar
Short

Lingrid | EURUSD Upward Channel BREAKOUT. Short

976
EURUSD has tanked following news of escalating tensions in the Middle East, leading to a surge in the DXY that has pushed down all other currency pairs. The market created a double top at the resistance level and failed to close above it. Currently, it is moving toward the bottom of the range zone. If you zoom out, you'll see that the price action has been oscillating between 1.10200 and 1.12000. I anticipate that the market will experience a pullback before continuing its downward movement. My target is support level 1.10300


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