EurUsd - Lower, 1.000 pips lower

Hello Traders and Investors, today I will take a look at EurUsd.

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Explanation of my video analysis:

EurUsd has been trading in a descending channel formation for a very long period of time. At the moment EurUsd is once again retesting the upper resistance in confluence with a horizontal structure so there is simply a higher chance that we will see a continuation lower from here. This means that as stock traders - especially from Europe - we can continue to trade our U.S. stock position without worries.

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Keep your long term vision,
Philip (BasicTrading)