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EURUSD:Classic Bullish Outlook/ Corrective Motion!

Euro / Dollar AS (OANDA:EURUSD)  
linofx1  
OANDA:EURUSD   Euro / Dollar AS
Support and Resistance Parallel Channel Trend Lines Contains image
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supportandresistance parallelchannel trendline containsimage
↪️EURUSD currency pair extended its drop, reaching a low of 1.0500. This was influenced by the negative market sentiment after it broke out of an upward channel pattern. Despite showing signs of strength last week, this week I anticipate further decline towards the support level of 1.0479 before a period of upward correction. However, if EURUSD surpasses the level of 1.0570 and begins to use it as a support, the pair could gain bullish momentum and aim for 1.0600...Trade safely 👍 ✅️
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