Here's another view on this pair for your consideration. A possible descending channel seems to be well respected so far inside the bigger descending channel.
Today's ECB release has sent the EURO skyrocketting and that may be the beginning of a reversal. Candle so far shows an engulfing bullish candle so hopefully we will go up from here.
Cheers
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Amazing how the channel worked flawlessly from the bottom to the top.
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