Mid-term downtrend is broken. Return to support level and move towards target.Stop Loss of stabilization below support line
The reaction to the lines is quite obvious. We expect the descent to the specified range...
If we reach the yellow line, we can take a sell position and place the stop loss above the yellow line. If it can break the yellow line and the red trend line upwards, it can reach the high yellow line.
In the continuation of the previous analysis, we see the fall of eurusd. If the channel floor is supported, it will rise to 1.20, and if the channel floor is broken, we will expect further correction to the yellow level of 1.13.
It can first reach the bottom of its short-term and medium-term uptrend channel, which is an important area, then start its uptrend.