Formation of a Parallel channel

This study is not a trade suggesion, it is only my opinion on the basis of my belife and study.

EUR-USD is working in a parallel channel since 4th of march 2022
now its on the verge of a breakdown/reversal .

lets wait and watch for a perfect timing to enter.

post your opinion in comments below -
Wheather it going to bounce back into channel
OR
Will it breakdown further

your every opinion will be answered... please share your thoughts.

Kommentar:

see how nicely it got support at dotted line and bounce back into the channel

Kommentar:

Formed a new channel..

Kommentar:

Almost 4% achived in 28 days

now it is very likely that price may fall a little bit more and will go up in upcoming days...

keep your eyes over it...