EURUSD has reached the target that it gave after the breakout. Now it will give some fresh levels with the trend. It gave a bearish engulfing candlestick pattern at the top of the bullish trend. Now fall is in wait.
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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: ...
