Forex Trading : Testing EUR / USD rising channel support for several decades at 1.05 / 1.04 area, which also represents a drop corrective downtrend since 2008.
RSI resides Monthly RSI in the areas of saturation, and refers to the possibility of break downs.
Breakthrough clear areas 1.05 / 1.04 will confirm that stage the downward trend is not just a correction of the ascending movement since 2000, but more. In such a case, the downside movement will not only extends towards a draw (1.00), but also towards its highest level in 2001 at 0.98 / 0.96 area and then to the lowest levels in 2000 at the 0.84 / 0.82 area