EURUSD: Channel Down hit the 4H MA200 after 2 months. Sell.EURO / U.S. DOLLARFX_IDC:EURUSDInvestingScopeEURUSD has turned neutral on its 1D technical outlook (RSI = 51.970, MACD = -0.003, ADX = 25.839) as this week's rise has hit today the 4H MA200 for the first time since May 14th. By doing so it also touched the LH top of the 3 month Channel Down, where a bearish wave was initiated in mid June. The last two hit the 1.5 Fibonacci extension before rebounding. That is our target (TP = 1.12500). ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##