EUR/USD Descending Channel Analysis

Note: This section contains information in English only.
Source: Dukascopy Bank SA
The EUR/USD daily chart currently exhibits a clear macro bearish trend defined by a descending channel, though it is presently undergoing a short-term bullish relief rally toward the upper resistance boundary near 1.1800. Traders are closely monitoring this upper trendline, as a rejection here coupled with bearish candlestick patterns would likely signal a continuation of the downtrend toward historical horizontal supports at 1.15800 and 1.15000, whereas a decisive daily close above this dynamic resistance would invalidate the pattern and suggest a potential macro trend reversal.



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