EURUSD WE may have new Ascending channel and support touched

FX:EURUSD   Euro / U.S. Dollar
As we explained and know ascending channels are the short-term rise and weak strength when the market is falling and when price break channel lower-side and support then huge fall again start.

But for now this support can hold and it is good time to add some long with tight sl and if price break previous support zone or this trendline then we are looking for short positions once again .

DISCLAIMER: ((trade based on your own decision ))
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Comment: Local support touched rise ahead ?
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Well we know know that price broke the channel lower and it could keep going lower. Past “local support”. Would have to wait after NFP to see what price will do.
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Nice chart
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good analysis, check out my profile too: here's my recent idea:
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UmarAbdurRehman ForexTrendline
@ForexTrendline, that's good trend-line, could come into play i hope next week or so.
Nice one, but I’ll prefer to buy at the local support on the chart.
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MMBTtrader jamesfort67
@jamesfort67, agree about it if that zone reach it is better chance

but take care if that support touch we should consider breakout too
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Great Job
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