EURUSD- TREND CHANGE LIKELY OR NOT ?

由EmmanuelDuru提供

The price of EURUSD has been considerably bearish with more lower highs and lower lows formed and slight consolidatory phases.

However, following last month bullish reversal candle formation close ( Morning Star) . It is time to switch the frames in which we look at this pair from. It is time to consider bullish opportunities on this pair that only if It holds above this level (highlighted in blue).

I have drawn a downward channel formation and will be taking any breakouts to the upside serious.

I hope this my analysis helps.

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