EUR/USD 1H Chart: Channel Down

Comment: Pairs development lately has been rather interesting—calm and reasonably predictable trading period are followed by 70 to 130 pips sell offs. However, even with these facts pattern's quality rating is well above the average. On the other hand, such moments indicate that traders can also expect that pair might gain significant momentum once it touches or breaches the pattern's boundaries. Short and medium term technicals suggest that pair is likely to resume it's movement towards the pattern's support  and maintain overall bearish trend.