EURUSD is trading in bearish expanding channel. As the price is heading lower the size of channel is expanding accordingly. currently the price has reached at very strong resistance area where the sellers show good strength in past.
this resistance area is also coincide with 38% Fib retracement, which is also a good confluence for sellers to attack.
this resistance area is also coincide with 38% Fib retracement, which is also a good confluence for sellers to attack.