From the chart the EURUSD is forming a small channel inside a big channel. Price is inside the support range. Support at 1.3150 and 1.3050. Resistance at 1.33 and 1.34.
Price is trapped inside the small bearish channel. Breakout at the downside has the possibility to go to 1.3 while upside has the possibility to go to 1.34.
By The Backyard Burner
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