EURUSD: continues to form a downtrend

From October 2020 to January 2021, the price increased. But in January there was a trend reversal and since then the price has been forming a falling channel. She has almost dropped to the start zone in November. With this channel, there is a noticeable alternation of rates and corrections, and right now the price is in the process of forming such a correction. It can be expected to fall to 1.176 and then rise to the 1.188 price level.
SL - 1.169.

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