EURUSD, Long or decline at this point.

EURUSD is technically ripe to long significantly if the 4Hr, candle closes above the EMA-50 at 1.08645. The target price is at 1.09459 with a potential to long further to 1.10656

The price on the other hand will continue to decline into the descending channel if the candles mentioned above closes below the EMA-50.