EU forecast

22 mar 2021

EU daily chart demonstrates a growth channel since march 2020. The candles bottoms got up. As you see the alternating behavior in this channel. I see this downward movement is not only a bearish trend but also is natural. Now the support zone 1.1875.1885 can play an elevation role for EU. So If this support breaks down, we lose this channel and face a deeper pullback. Totally I predict the trend should rise for this pair. Now I recommend to wait for daily candle to be closed.

This is not a financial advice. Just take it for training.