FX.co ★ berta.hill | EUR/USD

EURUSD H1 The pair was trading in a descending trend channel. The upper boundaries of the trend channel were broken, indicating selling volume. I anticipated that the pair would move slightly lower. Eventually, the resistance at 1.08216 was broken. Selling volume was present, accompanied by a significant increase in volume. It could be assumed that the pair absorbed the selling volume as evidenced by the emergence of selling volume. There is no buying volume following the increase in volume. It is quite likely that the pair will undergo a correction, and I anticipate it will move towards the support at 1.07322.