The EURUSD broke through the upward trendline at the end of last year, due to USD strength. This downward move saw the formation of a bearish flag pattern during the first half of January.
The EURUSD has now broken the channel and the support level (61.8% Fibonacci retracement level) to signal a bearish continuation.
The target level could be the next support level at 1.0745
The EURUSD has now broken the channel and the support level (61.8% Fibonacci retracement level) to signal a bearish continuation.
The target level could be the next support level at 1.0745
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