EURUSD | Will the price increase or will it be corrected again?

Will the price increase or will it be corrected again?
EURUSD | Descending Channel

Since the beginning of February-22, the price is developing within a " Descending Channel".

Actually, the price is close to the upper line of the pattern.

The price can make some up and downs with very low volume until it will reach the pattern.

The problem is that the bearish trend is still very strong and it can move the price lower
again in the coming days.

This is one of the reasons why the price is showing so many scenarios right now.

So in my opinion we should be careful when trading EURUSD as it is getting tricky.

So you just need to choose if you want to buy or sell EURUSD and you should calculate your risk in advance.


Thank you and Good Luck!