Short EURUSD

١٩ يوليو ٢٠٢٢

As can be seen in the EURUSD chart, the price first broke the support level at 1.0360 and moved towards the bottom of the big channel and also the smaller price channel. The price has touched both bottoms of the channel and returned. We expect the previous support level to act as a resistance level in this retracement. In this case, when the price hits the top of the small channel, which can coincide with the resistance level, we can expect another drop and sell.