The Eurodollar pair is trading in the big blue bearish channel, and it rose lately from the demand and support area in yellow at 1.05000, and the price is still in an upward wave inside the large channel, heading towards the supply area in red at 1.0750, and the upper trend line of the channel, forming in this rising wave a secondary trend line on the frame. The hour is based on two bottoms so far, so we are waiting for a new bottom to form at this line, and then breaking it to the bottom creates a selling opportunity with the general bearish trend…
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Saudaramu Ahmad
