FX:EURUSD   Euro/U.S. Dollar
160 1 5
Long
As you can see, we had a big 3 bar spike down and we are now in market cycle called channel. Channel usually involves in trading range, and after some time tests start of the channel (1.1207). That's max really bull's can expect, but you should not try counter-trend trade without significant trend line break and even then it will pull-back and test bottom once again before you can hope for long setup..
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