EURO_DOLLAR STRUCTURE ANALYSIS UPDATE|

9 Sep 2020

EUR_USD YESTERDAY BROKE OUT OF THE CHANNEL, BUT WAS HELD BY THE HORIZONTAL SUPPORT AND THE DIAGONAL TRENDLINE, AND SO THE PRICE RETURNED BACK INTO THE CHANNEL

(1) Purple resistance was broken, so the price is now firmly back in the channel
(2) For the Euro to show bullish strength, the blue resistance must be broken
(3) After that a move upwards is possible
(4) A long after breakout upwards is possible, but risky, so look at the price action.

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