EURUSD confined within Ascending Channel.
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EURUSD is moving is an ascending channel after the recent downtrend.
This ascending channel was formed after a downtrend which means if the price breaks the lower TL of the channel, EURUSD can start dropping again.
So far. traders can sell at the Upper TL and buy at the Lower TL.
Personally, I don't prefer buying because the main trend appears to be down. So, I will look for selling at the Upper TL only.
EURUSD is moving is an ascending channel after the recent downtrend.
This ascending channel was formed after a downtrend which means if the price breaks the lower TL of the channel, EURUSD can start dropping again.
So far. traders can sell at the Upper TL and buy at the Lower TL.
Personally, I don't prefer buying because the main trend appears to be down. So, I will look for selling at the Upper TL only.
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