EURUSD currency pair turned yesterday and thus wiped out the growth generated in this month. On the 4-hour chart shows that the price closed below the 20-period moving average, which is part of Bollinger Bands. The next two candles were also downward and closed below the support channel.
Currently, you can see a slight rebound, which perhaps will direct price to retest support channels, but this time as a resistance. In addition, this level coincides with the already mentioned 20-period MA and it is from these areas may be further downward impulse.
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