Mihai_Iacob

EurUsd- Major trend change in sight

Long
OANDA:EURUSD   Euro / U.S. Dollar
The trend for EurUsd has been down for 2 years now, with the pair dropping from a high of 1.25 to a low of 1.08.
The last leg of the descent has formed a channel with a tight range between support and resistance of around 300 pips.
We may assist in a major trend change for this pair with EurUsd having a false break of support at 1.0850 and a powerful morning star visible on the weekly chart (small star, big reversal green candle).
The pair is trading just above 1.10 psychological figure and in my opinion, dips should be bought for a target of at least 1.14 (technical resistance and big liquidity zone confluence)

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