The long-term downtrend is not changed but we expect the price to be pulled back to the main moving average level and then the downtrend may continue. The strong support, which is the previous low has been tested and the lower band of the channel has been touched and now the price is in the middle channel.
By the trend indicators, we have that the short-term downtrend is almost at the end and the short-term uptrend will begin very soon. However, since for the long-term EURUSD is still in the downtrend.
We would Enter Long to make trading profits and find a good time to Enter Short.
By the trend indicators, we have that the short-term downtrend is almost at the end and the short-term uptrend will begin very soon. However, since for the long-term EURUSD is still in the downtrend.
We would Enter Long to make trading profits and find a good time to Enter Short.