EURUSD | Continue Working Inside of a Descending Channel

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Price is still inside of the Descending Channel and the priority is Bearish. So we can initiate a short position if there is a confirmed rejection of the Higher Boundary of the Descending Channel.

Also if price loses the Mid Line of the Descending Channel we can initiate a short position

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Remember this analysis is not 100% accurate. No single analysis is. To make a decision follow your own thoughts.

The information given is not a Financial Advice.