EUR/USD has once again reached the bottom of the falling price channel on the 4-hour chart. This suggests that another bounce could be expected in the coming days, potentially leading to a move towards the next target at 1.0768, followed by the top of the channel.
Immediate support for EUR/USD is located at 1.0631. If the price breaks below this level, it could trigger a further downside move towards the 1.0570 area.
![](https://www.forexcycle.com/wp-content/uploads/2023/20230915_EURUSD_1.png)
It is important to closely monitor the price action and the behavior around the falling price channel. An additional bounce from the bottom of the channel would support the notion of a potential correction or consolidation. However, a breakdown below the immediate support level may indicate a continuation of the downtrend.
Consider these critical levels and future price movements to assess potential trading opportunities in EUR/USD, while keeping in mind the overall context of the falling price channel.