Weekly technical analysis of EUR-USD

The euro dollar, as shown in the chart, entered a descending channel and closed below the cross-section referred to by the blue rectangle, which strongly supports the downside. Traders are advised to enter short positions, targeting the lower bound of the descending channel, as indicated by the yellow arrow, and we advise traders to maintain a suitable stop loss. Watch the analysis on the Telegram channel from here


Adjustment: +150 points won