The EURUSD is starting the week higher after respecting a key support area last week near 1.1170. If you saw my forecast video on June 20th, you know that 1.1170 was the bottom of an intraday falling wedge pattern. I discussed the structure in yesterday’s video, as well. So far, the EURUSD is holding above 1.1230, which is another key level I’ve had my eye on. But instead of discussing insignificant one or two-day movements, I want to focus on the last six weeks of price action. If I take a step back and look at the consolidation that started on June 10th, the EURUSD is carving a descending channel. I mentioned this ... (full story)