EUR/USD: the mighty channel is holding. Where to go short from?

14 Eki 2022

Undoubtedly, as long as the current descending channel is holding, the sentiment of the market remains bearish. At the moment, we can observe how the price is approaching the area of the 61.8% Fibonacci retracement level of the Daily timeframe impulse. From there, we will look forward to entering short positions and aiming for the DAILY timeframe Lower Low.