EUR/USD Expecting Correction After Downtrend Channel Break?

Discussion in 'Technical Analysis' started by Kaitlin, Nov 21, 2015.

  1. Kaitlin

    Kaitlin Forum Member

    Aug 29, 2015
    Likes Received:
    The EUR/USD downtrend is showing signs of weakness as price broke above the resistance (orange dotted) of the downtrend channel. There is also double divergence when comparing price with the oscillator (purple). A break below this year's low (green) is needed before the EUR/USD can be considered in a wave[​IMG]

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