EURUSD is trading inside bearish channel. Bulls need to break above 1.1285 to change short-term trend. Bears are in control of the short-term trend. Key support and previous low at 1.1180.
The RSI is at oversold levels in the 4 hour chart. Price is trading inside the red bearish channel and is making lower lows and lower highs. Only a break above 1.1280-1.1285 will change trend to bullish in the short-term. Next major support is at 1.1180. Bulls need to step in now in order to cancel any possibility of a move below 1.11. Bulls need to break above the red channel in order to remain in control of the trend.
