EURUSD: Some upside left on the 1D Channel Down.

The pair has shown considerable strength since the 1.1235 bottom and as expected () rebounded since the 1D Channel Down made its Lower Low (RSI = 48.749, Highs/Lows = 0.0000). The price is currently trading within a 4H Channel Up (RSI = 55.931) having completed its own Higher Low (Highs/Lows @ 0.0000) and its Higher High is limited to 1.1400 - 1.14200. The 1D Channel Down Lower High has a maximum technical extension to 1.14400. Based on all this we remain bullish but revise our target downwards, TP = 1.14000.


See our previous study on calling the 1.1235 bottom below:






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