A new test

Our price remained in the corridor. Taking into account the reversal from the upper boundary, we expect testing of the lower level, which is at the mark of 1.1625.

In case of breaking through the level and fixing of the price, we expect the continuation of the downward movement and the expansion of the corridor boundaries. We recommend taking short positions and searching for exit points near the lower boundary of the extended corridor.
Beyond Technical AnalysiscorridorEURForexTechnical IndicatorsshorttraderTrend AnalysisUSD

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