EURUSD: Sell opportunity within the Channel Down.

23 Mar 2020

The pair is trading sideways since Friday after completing the Lower Low within the 4H Channel Down (RSI = 40.137, MACD = -0.011, ADX = 39.459). By doing so it entered the lower tier of the Channel for the first time and there is a high probability to stay within it for as long as it stayed on the upper tier assuming the pattern is symmetrical. We are therefore setting one more standard Target: 1.0500 and a more aggressive extension: 1.0400.


Last two trades:

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