EURUSD struggling to move upward

24 Agu 2021

The Fiber has been trading, forming a descendent channel since the beginning of the month.

Currently persisting in breaking the resistance from the channel, showing seller rejection in the last seven hourly candles. Capped to move forward, we need further confirmation before getting bias.

Bullish break out could bring the price close to the next handle around 1.1820

Bearish movement could potentially bring the price towards the 1.1640 handle.


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