EUR/USD Breaks Upside Channel, Bearish Pressure Continues
The EUR/USD chart shows that the price has just broken out of the upside channel, confirming that bearish pressure is increasing. With this breakout, there is a high possibility that EUR/USD will continue its downtrend towards the support zone around 1.0820. If the price stays below the EMA (34), the downtrend will be reinforced, opening up the potential for the price to test lower levels.
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