Open trading account 
Good morning.
Here is my evaluation of the cross EUR/USD. At this right moment this pair mark 1.1484.
Yesterday EUR moved up mainly because U.S. poor data and not the strength of the Euro. With this, my opinion is that EUR is overbought and USD is oversold. I expect some recover from greenback and a pullback from Euro.
By the other hand, we can see on Daily chart period below exactly the same situation. Cross is moving within a channel since July. According it we can expect southward movement as the is touching the top of the channel and could now reach 1.2890 as the lowest limit.
Here is my evaluation of the cross EUR/USD. At this right moment this pair mark 1.1484.
Yesterday EUR moved up mainly because U.S. poor data and not the strength of the Euro. With this, my opinion is that EUR is overbought and USD is oversold. I expect some recover from greenback and a pullback from Euro.
By the other hand, we can see on Daily chart period below exactly the same situation. Cross is moving within a channel since July. According it we can expect southward movement as the is touching the top of the channel and could now reach 1.2890 as the lowest limit.
