at the right price i'll buy anything (except euros) 2/2

daily chart of eurusd showing the descending channel mentioned in the previous monthly post (see attached). 1.0465/1.0510 will be an immediate hurdle while 1.0665 should cap near term upside.

Very short term the pair is likely to drift towards 1.03 projections. In the event of a break below 1.03 EURUSD will face an extended correction towards multiyear down slowing channel limit at 1.0180 and most importantly the psychological level we are all looking at 1.00