Official_VIFX

EUR/USD - 01/02/2021

Long
FX:EURUSD   Euro / U.S. Dollar
Nice ascending channel forming on EUR/USD . I don't really trade chart patterns I only tend to look at market structure when looking for entries however, this is a little easier on the eyes. I am waiting to see how price reacts on this break and retest of previous structure which also aligns nicely with the channel.
Comment: Seen a lot of the Euro pairs start to sell off after the Manufacturing PMI news releases, knocked a lot of my pairs out of structure. Currently waiting for the market to settle, regain some balance and re asses to potentially get into some short opportunities for the week ahead.