EUR/USD Move within a channel formed from 2008 until now. Until EUR/USD break 1st down trend line , it's considered bearish .
Green Uptrend line from the bottom of year 2000 (support) .. Down trend line 1 (resistance) from peak of 2008 & down trend line 2 (resistance) from peak of 2018. Down trendline 2 considered short term line as it's can easily adjusted in future while current effect could be a resistance for price action for now until the price action move farther away from it..
breaking out from each line might result a upside movement and vice versa if it get rejected from it
peace.
Green Uptrend line from the bottom of year 2000 (support) .. Down trend line 1 (resistance) from peak of 2008 & down trend line 2 (resistance) from peak of 2018. Down trendline 2 considered short term line as it's can easily adjusted in future while current effect could be a resistance for price action for now until the price action move farther away from it..
breaking out from each line might result a upside movement and vice versa if it get rejected from it
peace.