EURUSD

[nihalsari]

Hello Traders!

What are your thoughts on EURUSD?

Euro/Dollar remains within a downward channel, forming consistent lower highs and lows.
The pair is expected to extend its decline toward the support zone that coincides with the lower boundary of the channel.
From there, a bullish rebound could occur, targeting the marked resistance levels above.
If price breaks below the support zone and a candle closes beneath it, this scenario becomes invalid.
For a safer entry, traders may wait until the channel is broken to the upside for confirmation of a trend reversal.
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