Euro / U.S. Dollar
Short
Updated

EURUSD: Bearish consolidation in near term?

775
Hi everyone!
Trend is bearish on intraday chart and an approach around 1.07 area is possible. Having said that, on 1H chart the pair remains under pressure as long as the Price Action stays inside the descending channel. From a technical point of view, it is possible to form a harmonic structure or a bearish impulsive structure with Target around 1.07 area. A bullish channel breakout would initiate a bullish corrective structure.

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