After a steep downtrend when price re-entered channel, price finally found support at 2 month support line. Expecting price to retrace back up to resistance line before moving down again.
EURUSD has been in a downward channel for 5 months, price just bounced off channel resistance and inside a 2 year demand zone. Expecting price to drop further if it breaks out of the 2 year demand zone and find support at either support lines. Will enter short if price closes below 1.11250 or if price exits demand zone and start making higher highs.
EURUSD found support at 2 month falling trendline, awaiting retracement to supply zone at previously broken trendline. Expecting EURUSD to drop further after reaching said point around 1.11991.