Many of you asked me to share my thoughts about EURUSD.
The pair is currently approaching a wide daily supply area. Analyzing the intraday price action, we can easily spot a slowing bullish momentum. The market is steadily growing within a rising parallel channel.
I would suggest waiting for a correctional movement on the pair. Bearish breakout of the channel's support will most likely be a trigger.
Then the pair will drop.
Alternatively, a bullish breakout of the underlined red area and a candle close above that may push the market higher.