DeGRAM | EURUSD reached 62% retracement of the channel
EURUSD is in a global descending channel.
The price reached the dynamic resistance, where it formed doji at the top, which signals the weakening of the bullish momentum.
After the pullback, the price tried to break the resistance where it formed a candle with a long upper shadow, which also indicates the weakness of the buyers.
We expect a retest of the 50% retracement level and then a decline to support.
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Share your opinion in the comments and support the idea with a like. Thanks for your support!
The price reached the dynamic resistance, where it formed doji at the top, which signals the weakening of the bullish momentum.
After the pullback, the price tried to break the resistance where it formed a candle with a long upper shadow, which also indicates the weakness of the buyers.
We expect a retest of the 50% retracement level and then a decline to support.
-------------------
Share your opinion in the comments and support the idea with a like. Thanks for your support!
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bit.ly/3spSQqC
🔻FREE Telegram channel🔻
t.me/DeGRAMChannel
🔻Contact for Paid SIGNALS🔻
t.me/DeGRAMForex