forextidings

EUR/USD in Correction Mode

FX:EURUSD   Euro / U.S. Dollar
Here EUR/USD trying to escape from the parallel channel . I think it would start marching upward soon from the support area of the Box pattern. Its trend is reversing, so day traders can sell now for the levels of 1.1706 - 1.1696. And a breakdown of 1.1690 is a direct signal for a continuous downtrend that can be for 1.1666 - 1.1636.

Downtrend initiator: 1.1717

According to this chart, EUR/USD will keep moving forward for the levels of 1.1800 - 1.1826.
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