The descending channel resistance has come to play in the EUR/USD. The price, after making a V-shaped rally is at a price action resistance zone now. Owing to the above two factors, we expect the pair to turn bearish from here.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.