Red channel descends with negative highs.
Stochastic with cross lines indicating a trend reversal.
According to the Ichimoku, the model is completely bearish.
The eurusd is in the upper range of the falling channel close to the resistance line, which serves as resistance and this increases the chance that we are on the way to another negative peak.
Target: 1.0980
Stochastic with cross lines indicating a trend reversal.
According to the Ichimoku, the model is completely bearish.
The eurusd is in the upper range of the falling channel close to the resistance line, which serves as resistance and this increases the chance that we are on the way to another negative peak.
Target: 1.0980