DeGRAM | EURUSD reached the correction level

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EURUSD is moving in a descending channel between trend lines.

The chart maintains a downward structure.

The price has reached the dynamic support, the lower boundary of the channel and the support level coinciding with the 62% retracement level and is now above it.

The dynamic support has already acted as a rebound point.

We expect a rebound after consolidation above the dynamic resistance.

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