🔎Current status

EURUSD is moving within a clear descending channel 🔻
This confirms that the overall trend remains negative.

📍Where are we now?

Price is in an upward correction phase within a rising wedge pattern 🔺
This is usually a temporary move within a larger downtrend.

📈 Preferred scene

As prices approach:
✔️ Lower boundary of rising wedge
✔️ and requirements (support) areas 🟧

We will wait for short term buying opportunities 🔄
Target:
🎯 Wedge-shaped upper border
🎯 Maybe also the upper boundary of the channel

❗ But remember: this move is still corrective within a larger downtrend.

Are we seeing a clean bounce in this area? 🤔

⚠️Disclaimer: This analysis is for educational purposes only and does not constitute investment advice. Trading involves risks and money management must be observed.

Tickmill – Accurate Trading~

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