EURUSD Analysis:
EURUSD hits the major horizontal support area in the higher timeframe weekly chart.
In the smaller timeframe 4-hour chart, EURUSD hits the lower low level of the descending channel.
EURUSD Update:
EURUSD is trying to break the low level of the descending channel in the 4-hour timeframe chart and it leads to the SL price. Reason: US dollar still remains stronger as the US Dollar index hits the 102 price level – the covid-19 2020 high. similarly, EURUSD hits the 2020 low. Market will make a big correction soon.
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