Red lines- bearish medium-term channel
blue line- parity
EURUSD made another attempt to recapture 1.01 yesterday but bulls failed again and price is once again below parity against the Dollar. EURUSD made a lower high 1.0080 and today price is moving lower with increased chances of starting a new sequence of lower lows and lower highs. The RSI continues providing bullish divergence signals in 4 hour, Daily and weekly time frames. However price has not stopped making new lows. Technically trend remains bearish.
