4-hour timeframeTechnical details:Higher Linear Regression channel: direction - upward.Lower linear regression channel: direction - sideways.Moving average (20; smoothed) - sideways.CCI: -63.5571Well, if a few days ago we doubted that the euro/dollar pair could go into a sideways movement since there were a sufficient number of technical factors that speak in favor of the beginning of a new downward trend, now we can say with confidence that the euro/dollar quotes are trading in a side channel. During the past day, the pair again failed to continue the downward movement, so a new upward turn was made and a new round of upward movement was started with a new overcoming of the moving average line, which ended very quickly. At the same time, the prospects for the European currency remain very vague, since no positive news is coming from Europe right now. However, the situation in America now can not be interpreted as "positive". The fact is that in recent weeks, the problem of the "coronavirus epidemic" has again become acute across the ocean. At least, this is what most analysts and representatives of the healthcare sector believe. However, we believe that the first wave was not completed in the United States either....

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