Hello traders, We have a assumed channel that if price would not make a new hight first next week, it could probably drop down to follow the pressure line of the channel to next support zone where is 1.17700, could be 80 -100 pips from current resistance zone .
The channle will be valid ony if it follow our 1-2-3-4-5 wave on the daily chart . That means EURUSD will make a bearish bowl for a big drop.
But lets follow the 5h chart to hunt 80-100 pips at the first two trading days of next week. LESS IS MORE!