2 scenarios for the Eur/Usd at the bottom of the uptrend channel
After yesterday's fall, which was predictable,The price has reached the bottom of the up channel $ 1.193.
The euro now needs a temporary price increase from this point to escape the down pressure.
The two possible scenarios from this point are:
1- Zigzag movement upwards and breaking the red trend line and moving towards the middle of the uptrend channel
2- Corrective upward movement and then breaking the channel and continue the fall.
The euro now needs a temporary price increase from this point to escape the down pressure.
The two possible scenarios from this point are:
1- Zigzag movement upwards and breaking the red trend line and moving towards the middle of the uptrend channel
2- Corrective upward movement and then breaking the channel and continue the fall.