Umbeluzi
Long

Swingtrading - Buy Long EURUSD

FX:EURUSD   Euro / U.S. Dollar
A pure technical take on EURUSD            

Validations

Rate testing support @ short term up channel .
Expectation are FED will move only after US elections.

Invalidations

As per other US crosses, strong economic data could derrail this strategy.
Persistent             bullish chatter in the media channels..

Parameters

Buy @ 1.1170, SL @ 1.1130, TP 1.1395

Cheers
Update August 31: Position got stoped for just 40 pips loss, as arguments shown on 'Invalidations' paragraph were confirmed.
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Update August 31: Yesterday the rate was two pips away from SL, thanks to positive data and the persistent bullish chatter (USD posiitive). Next data on agenda from ADP and NFP this week could trigger our SL, already under critical distance.
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