EURUSD Channel Breakout

٨ فبراير ٢٠١٧

Price has broken out and retested the ascending channel. With EURUSD's correlated pair USDCHF displaying bullish potential, it is safe to anticipate further downside movement on EU. Targets to keep an eye out for are 1.062, monthly support of 1.052, and 1.045. I will be waiting for price to pull back to the descending TL and rejection before entering this pair short.