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EURUSD Re-Tests Descending Trend-Channel Support

Discussion in 'Technical Analysis' started by Kaitlin, Nov 26, 2015.

  1. Kaitlin

    Kaitlin Forum Member

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    Following its bounce from the short-term descending trend-channel formation on H4, the EURUSD re-tested the said support during late Wednesday and witnessed a pullback. From the current level, the pair can confront 1.0680-1.0700 immediate resistance area, breaking which 1.0740-50 zone, comprising the upper trend-line of the channel, can provide strong[​IMG]

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