EUR/USD has respected the bullish channel so far. Will we see sellers protect the upper channel trendline?
EUR/USD Outlook
EUR/USD has formed a bullish channel, starting 23rd of March 2020. If sellers enter the market around 1.105-1.107 we could see price to continue ranging in this upwards channel. A break to the upside of this channel could signal significant further upside! Traders should look to see confirmation of selling at the top of the channel before looking for trading oppurtunities.