The euro is trading around 1.1644, rebounding from having reached the 7/8 Murray level around 1.1596.
The euro could reach the 8/8 Murray level around 1.1718 in the coming days and could even cover the gap it left around 1.1740.
If bearish pressure prevails, we could expect EUR/USD to reach the psychological support level of 1.1500.
The eagle indicator is showing a positive signal, so any pullback in EUR/USD will be seen as a buy signal in the coming days, with targets at 1.1718 and 1.1745.
The euro is moving within a bearish trend channel formed since September 17 and could continue its decline until it reaches the 6/8 Murray level around 1.1500.
