FX.co ★ berta.hill | EUR/USD

EUR/USD,technical analysis. I continue to wait for a technical re-test of the resistance line of the descending channel (trendline) , which will give me the final answer to the question, what exactly that breach of the trendline turned out to be and its character? If that was manipulation in the form of "a false breakout",- the main development scenario, then the bears pull the price into the structure of the daily channel, and they patch the hole in the trendline patchas if it never happened. In this case we have: confirmation of the end of the correction phase; resumption of the daily trend with preparation for sellers' attack on the local support in the area of 1,13410; In the event that the trendline works in the market as an inclined support, it will first cushion the pair's landing in this area, which means there should be a slow convergence of price with the trendline and the formation on its basis of a local trough. In this case, a breakout setup works as part of the pattern: breakout-technical return- continuation impulse.