Is the EUR/USD bull run coming to an end?
- EUR/ USD has been on a strong bullish trend since Mar 2020.
- Looking at the pair, we could see that the uptrend channel has been broken through on the downside. In addition to that, we saw the formation of three black crows.This signals a that there is a good possibility for a reversal in trend.
- Expect EUR/USD to consolidate between 1.206 to 1.218 in the short term, before a continuation in the downtrend.
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