EURUSD can break through the channel
Updated
Dear friends, in general, EURUSD continues to show a range-bound movement. Looking at the technical picture of EURUSD on the 4-hour timeframe, we can see that it has formed a flag pattern and is currently facing resistance at the 1.0550 level. Currently, EU is trading around the support zone of 1.052 with a slight recovery. However, in the short term, after rising to the descending trendline, it will likely be quickly rejected. If the current support level is broken, there is a high possibility that EU will not be able to turn around.
What about you? Do you agree with this analysis?
What about you? Do you agree with this analysis?
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The breakthrough from the flag is gradually proving the continued increasing trendNote
Note
The price increase channel is still working well
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