EURUSD: Still bearish long term. Don't buy a falling knife.

3 בינו׳

EURUSD remains heavily bearish on its 1D technical outlook (RSI = 34.500, MACD = -0.006, ADX = 21.396) as the 1 month Channel Down remains intact. The current 4H rebound is the bullish wave of the Channel and technically once the 4H MA50 is hit, it will turn into a bearish opportunity again. We are waiting for that signal to sell towards the bottom of the Channel (TP = 1.0200).


## If you like our free content follow our profile to get more daily ideas. ##

## Comments and likes are greatly appreciated. ##