As you can see EURUSD has 2 channels to play in on the monthly chart, wich means on lower timeframe charts it still has potential to touch the lowest monthly channel as seen in my 4Hr published idea.
If you look at my RSI in the past you see this similar bounces occure.
EURUSD might be heading slowly for a Monthly retracement move to the upside after wich it might reach a new bottom around 0.90 as it did in the past and if the bullish channel holds on the low, the EURUSD might come into a bullish stream.
If you look at my RSI in the past you see this similar bounces occure.
EURUSD might be heading slowly for a Monthly retracement move to the upside after wich it might reach a new bottom around 0.90 as it did in the past and if the bullish channel holds on the low, the EURUSD might come into a bullish stream.
