Eurusd downtrend
EURUSD
The price is moving towards resistance and upper border of the descending channel after forming the fake break at support level . The market probably will range, because on the 4H timeframe the price is in the range zone. I think the market will test resistance and then may go down if price makes a fake break, double top or tweezer top at the resistance zone . I expect the market continue ranging, bouncing between resistance and support levels. My target is support at 1.08385.
The price is moving towards resistance and upper border of the descending channel after forming the fake break at support level . The market probably will range, because on the 4H timeframe the price is in the range zone. I think the market will test resistance and then may go down if price makes a fake break, double top or tweezer top at the resistance zone . I expect the market continue ranging, bouncing between resistance and support levels. My target is support at 1.08385.
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