EURUSD now at the topside of the down channel. The price need to have a clear break of H4 to go higher to 1.34. The price is going up now and may test the 100 MA for a third time. Upside target is 1.34 and 1.36. The nearest downside support is 1.318 to 1.32 followed by 1.315 and 1.3.
Yesterday candle form a doji and now in the process of forming a morning star. However the candle has not closed yet and the pair is still inside the down channel and below 21 MA. Today is the forth candle of an inside bar of the big big bullish candle.
By The Backyard Burner
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