Greetings.
Let’s take a look at the EUR/USD hourly chart.
AS you can see, we’ve seen some moves and because the previous high from earlier in March is acting as resistance, look for a potential drop down to potentially the 1.3750 area.
We may also form a Contracting Triangle (CT) if it continues to channel.
Once the pair has completed its short term downward movement, look for the bulls to potentially regain control and see another test of the 1.4000 area – although if we do see this unfold the next we could see the pair go even higher.
Good luck with trading and be sure to use and apply your money management.
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