Descending channel within a bigger descending channel
EURUSD are forming a small descending channel within a bigger descending channel at this current stage.
The similar pattern can be seen before from Feb 5th - Mar 31th, the price form smaller descending channel and bull flag which breakout higher to the top of pennant eventually.
Based on the similar pattern, would expect the price to rise up to the top of the pennant or breakout higher for the next impulsive move eventually as price is in consolidation stage.
The similar pattern can be seen before from Feb 5th - Mar 31th, the price form smaller descending channel and bull flag which breakout higher to the top of pennant eventually.
Based on the similar pattern, would expect the price to rise up to the top of the pennant or breakout higher for the next impulsive move eventually as price is in consolidation stage.