HomeContributorsTechnical AnalysisDaily Technical Analysis: EUR/USD Main Channel Could Break To The Downside

Daily Technical Analysis: EUR/USD Main Channel Could Break To The Downside

The EUR/USD has formed the main channel (light green) that could break soon if the price gets below 1.1890. The price will be trapped in the downtrend channel (violet) and might drop to 1.1800. the POC zone (D H3,EMA89, 50.0,order block, ATR high) 1.1930-50 could reject the price on a retracement. If we don’t see any retracement, pay attention to break of 1.1890. Targets are 1.1850, 1.1835 and 1.1800.

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