EUR/USD- Price challenging the downward channel to the upside, Will you trade?
The EUR/USD pair is trading in a downward channel on a 30 minute time frame. The price is challenging the upper line of the channel which means that the bulls are trying to break this channel towards the upside. Moreover, the price is trading above the 50 day (shown in green) and 100day (shown in yellow) moving averages which further confirms that the bulls have taken the control and there is a change in momentum from the bears to the bulls.
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