Just an idea & trade at your own risk.
EURUSD reached its lower Long-term uptrend channel on the monthly timeframe and the next demand zone around 1.06-1.09
If the lower long-term uptrend channel breaks, with a monthly close below it, the next targets are below 1.05 and into below parity, to the lower downtrend channel.
If the lower uptrend channel remains intact and this month closes above 1.09, then possibly we may have a triple bottom formation and a break above would lead to a new impulsive bullish movement.
EURUSD reached its lower Long-term uptrend channel on the monthly timeframe and the next demand zone around 1.06-1.09
If the lower long-term uptrend channel breaks, with a monthly close below it, the next targets are below 1.05 and into below parity, to the lower downtrend channel.
If the lower uptrend channel remains intact and this month closes above 1.09, then possibly we may have a triple bottom formation and a break above would lead to a new impulsive bullish movement.
