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EU possible long strategy!

Long
Euro / U.S. Dollar (FX:EURUSD)  
TradingFace Updated   
FX:EURUSD   Euro / U.S. Dollar
Trend Analysis Chart Patterns Technical Indicators
7
0
trendanalysis chartpattern indicator
EURUSD is currently in a bullish channel, and is closing in on the supporting trendline.

Im waiting for it to hit this trendline and get rejected indicating the bulls are not done.

Order cancelled:
No startegy active, broke support. Im waiting for a retest on the lower side of the previous support and then going short if i see resistance here.
Comment:
This is a very good example of why we should never underestimate the 200MA. The 200MA is sightly pointing downwards, and price was below it as well, indicating a continuation of a downward trend.
Comment:
snapshot
My next strategy.
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