FX.co ★ EUR/USD

At the moment, the EUR/USD currency pair continues to move within the descending channel, which indicates that sellers still maintain control. After an attempt to hold above the 1.1430 level, a decline began. I expect that in the near future the price of the pair will move roughly in the 1.1380–1.1350 range. Right now, the 1.1380 level is the nearest support; if the price manages to break below this level, it could be one of the first signals that a move toward 1.1360 is likely to begin, although a pullback is also possible. However, it is important to note that since the price is currently above this point, the priority direction remains bearish.