EUR/USD: mild correction before further drop?
The USD has been strong for the past few weeks and it is not showing any signs of mercy. As it can be noticed from higher timeframe charts, a huge descending channel has been formed and the price is rejecting the lower boundary of it. After some confirmations have been provided, we can expect for the price to keep rising till the zone of previous support now turned resistance that aligns with 0.618 Fibonacci retracement level.
