EUR/USD : Reject ascending channel, what now ?

٢٨ أكتوبر ٢٠٢٠

EURUSD
Hello everyone😃
Bullish side📈
- EMA 100 is supporting movement
- Bullish FIBBO and testing level 6 support

Bearish side📉
- Bearish crossover on MACD
- Stochastic RSI is bearish
- Market positions are being bearish
- Helical indicators are bearish
- Rejected from ascending channel

It seems that EURUSD is facing bearish movements,
If it take hold below channel we will retest support line at 1.14633.
If it pullback into channel again, then it will grow until resistance level !

🔴 on current candle EURUSD is forming Hammer pattern, so there is possible chance for EURUSD to take a reversal movement into channel !

Attention : this is not a financial advise we just try to help people on their own vision.

HAVE A GOOD DAY
- Helical_Trades