EURUSD: ⬇️ Sell
– EURUSD broke daily up channel
– Likely to fall to support level 1.1600
EURUSD currency pair has been falling in the last few trading sessions inside the medium-term correction (2) – which started earlier from the resistance zone between the resistance level 1.1800.
The price earlier broke the support trendline of the daily up channel from November – which accelerated the active wave (2).
Given the bullish US dollar sentiment seen today, EURUSD currency pair can be expected to fall to the next support level 1.1600.