EURUSD is approaching a support line of a major falling channel.
though many traders have already jumped in longs aggressively,
be cautious and remember that here we trade against the trend.
because of high volatility there is a huge chance to see a false breakout with stop hunting,
so it is better to protect ourselves.
for a reversal confirmation pay attention to a falling channel on 1h.
bullish violation of it is a perfect reversal sign to buy.
for now, let the price trade within, no rush.
target levels will be 1.09 / 1.104
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✅Join My Telegram Channel: t.me/VasilyTrading
❗️YouTube Channel youtube.com/c/VasilyTrader
✅ Facebook: facebook.com/VasilyTrading/
⭐ My Forex & Gold Broker: bit.ly/vasilyforexbroker ⭐
❗️YouTube Channel youtube.com/c/VasilyTrader
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⭐ My Forex & Gold Broker: bit.ly/vasilyforexbroker ⭐
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.