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amirameri89

EURUSD could break the channel as coronavirus is spreading in EU

Long
Euro / Dollaro (FX:EURUSD)  
amirameri89  
FX:EURUSD   Euro / Dollaro
Support and Resistance Parallel Channel Fundamental Analysis EURUSD Coronavirus (COVID-19) ITALY EUR
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supportandresistance parallelchannel fundamental eurusd coronavirus italy eur
take long position as it is in lower band of the rising parallel channel till price touch resistance line. Then be aware and wait for the break, then take short position. Break could happen sooner be careful. EURUSD is under the long term trend line and as coronavirus is spreading in Italy and restrictions are growing, EUR could have faced downward pressure.
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