EUR/USD: a pattern that belongs in the Louvre

When the price was wandering around the lower barrier of the descending channel, we forecasted a nice long position till the upper barrier of the channel. Now that the price has reached the predetermined target, we are looking forward to selling this pair once again. We will patiently wait for the price to consolidate around the current zone of resistance, after which short positions will possibly be executed once enough confirmations are provided. The initial target will be set at the area of 1.035 Lower Low.

Happy trading, everyone!