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PatientExecutor
EUR/USD Technical Analysis: Downtrend Strengthens as Key Levels Hold
in
Experienced Traders
Mar 30 at 04:11
OverviewThe EUR/USD pair continues to follow a well-established downtrend, respecting the descending channel on the lower timeframes. A recent rejection from the upper trendline reinforces bearish momentum, while a significant structural break on the daily timeframe further solidifies the downward bias. Technical Breakdown1. Trendline Rejection and Lower High ConfirmationOn the 1-hour chart, the price tested the upper boundary of the descending channel but failed to break through, leading to a strong rejection. This rejection aligns with a previous Lower High (LH), indicating that sellers rema...
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