The bearish channel is the most clear thing here to me.
You may say there is a big inverted Cups & Handle or a possible Head & Shoulders pattern in near future.
You are not wrong, but whatever it is EURUSD should not break out of the bearish channel, otherwise bearish scenarios will fail.
In case EURUSD breaks the 0.618 level it will be even much easier to drop till bottom of the channel.
You may say there is a big inverted Cups & Handle or a possible Head & Shoulders pattern in near future.
You are not wrong, but whatever it is EURUSD should not break out of the bearish channel, otherwise bearish scenarios will fail.
In case EURUSD breaks the 0.618 level it will be even much easier to drop till bottom of the channel.
