Overall EURUSD is bearish, and i am still in a short trade expecting a further move to the down. But now we might have a pullback as we have a big bullish divergence in MACD which is a sign that price is losing steam. So for those who haven't joined the short position, waiting for a breakout above the descending channel and going long, is a nice idea
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Price has broken above the descending channel. We may now watch for a buy setup based on your strategy.
