**The chart technical analysis **
The chart below is from the beginning of November
As you see, because the 1.15220 Support (then Triple Bottom) broke, EURUSD hit the 1.14470 drawback Target which has (so far) made a super Low at the June Lower Lows (June LL) trend-line.
This brings me to this evaluation wherein I will lay out the buying and selling plan and opportunities for the relaxation of November.
The June Lower Lows trend-line is a part of a much wider Channel Down inside which the pair has been buying and selling when you consider that June 16. I name that Channel Down (B) (blue pattern). It is (B) due to the fact a touch in advance than that, because the June 01 High, we are able to draw some other Channel Down, which I name (A) (dashed lines). As you see, Channel Down (A) has a higher in shape on its Lower Highs (crimson arrows), even as Channel Down (B) on its Lower Lows (inexperienced arrows), that is nearly the June LL trend-line that helped us give you the 1.15220 drawback target.
The opportunities are two:
As lengthy because the June LL trend-line holds, there are greater probabilities for a rebound toward first 1.1600 (wherein touch with the 1D MA50 (blue trend-line) can be made) and if Channel Down (A) breaks its dashed Lower Highs trend-line, then one final extension toward the 1.1690 Resistance. This could comply with a fractal from the preceding Lower High on September 03 wherein the fee made a Double Top .
If the June LL trend-line breaks, then Channel Down (B) receives invalidated and the fee will maximum possibly are trying to find the Lower Lows trend-line of Channel Down (A) toward 1.13000.
ā follow for more analysis like this one and you can always ask for analysis of any pair you want.
Thank you and have a nice day
*By the way this is the first ana post ever, congratulations to me