EURUSD Daily Analysis – August 29, 2023

EURUSD continues to adhere to a descending price channel on its 4-hour chart, indicating the pair’s persistent engagement in the downtrend that originated from 1.1065. The prevailing situation revolves around the channel resistance, which plays a pivotal role in shaping the pair’s behavior. As long as this resistance level remains unbroken, the recent rebound from … <a href="https://www.forexcycle.com/short-term-forex-analysis/136781-eurusd-daily-analysis-august-29-2023.html">Continue reading<span> "EURUSD Daily Analysis – August 29, 2023"</span></a>