EURUSD Channel breakout and further potential drop after a corre

Oct 2, 2024

EURUSD has sharply declined following news of escalating tensions in the Middle East, which triggered a surge in the DXY, pushing down other currency pairs. The market formed a double top at the resistance level and failed to close above it. Currently, it is heading toward the bottom of the range. Zooming out, you'll notice the price action has been oscillating between 1.10200 and 1.12000. A pullback may occur before the market continues its downward movement. The target is the support level at 1.10300

Oct 4, 2024

Trade closed: target reached

EURUSD Target hit! ✅

Price dropped over 60 pips since the analysis was published!