EURUSD downside continuation

EURUSD is extending the downside swing

 

EURUSD is riding in a well-defined medium-term downtrend channel to parity. The ultimate final target when it hits the psychological 1 level could extend to 0.8800. Only a break above 1.05500 could invalidate the downside continuation, which is at this stage highly unlikely.

Note: look for the short trade entries with the stop loss above 1.02000

 

EURUSD downside continuation

 

 

 

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