EURUSD: LONG AFTER VIOLATION OF DESCENDING CHANNEL. ABOVE 1.1250
The EUR/USD is trading in a descending channel and has reached the 61.8 retracement of the previous uptrend.
My recommendation:
Any break above the falling channel (1.1250) will take the pair to 1.1380 and 1.5230 in extension.
A break below 1.1150 confirms further declines.
Buy at or above 1.1250 with SL around 1.1150 and TP 1.1380 and 1.1530
My recommendation:
Any break above the falling channel (1.1250) will take the pair to 1.1380 and 1.5230 in extension.
A break below 1.1150 confirms further declines.
Buy at or above 1.1250 with SL around 1.1150 and TP 1.1380 and 1.1530