EUR/USD is currently moving within a clear descending channel on the 4H chart. Price recently tested the upper boundary of the channel and is showing signs of rejection, suggesting a potential move lower.
The chart outlines two bearish targets:
1st target around 1.12170, aligning with mid-channel support.
2nd target near 1.09637, at the lower boundary of the channel.
As long as the pair stays below the channel resistance and fails to break above the recent swing high, the bearish outlook remains valid. Confirmation of rejection and breakdown through support levels could accelerate the move toward the outlined targets.
The chart outlines two bearish targets:
1st target around 1.12170, aligning with mid-channel support.
2nd target near 1.09637, at the lower boundary of the channel.
As long as the pair stays below the channel resistance and fails to break above the recent swing high, the bearish outlook remains valid. Confirmation of rejection and breakdown through support levels could accelerate the move toward the outlined targets.
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Free Signals With Technical Chart:
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📞TELEGRAM ME
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這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。