EURUSD Short-term Decline

EURUSD, Daily

In the Daily timeframe, EURUSD has formed an ascending channel pattern. The price reached the upper trend line and the upper Bollinger line before rebounding. Parabolic SAR indicates the possibility of a decline.

• EURUSD sell can be considered when falling below the support at 1.0900 with a target of 1.0790;

• If the price falls below 1.0790, it will fall to the lower trend line of 1.0750;