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MULTIDIMENSIONALTRADER

EURUSD buy setup coming

Long
Euro / U.S. Dollar (FOREXCOM:EURUSD)  
MULTIDIMENSIONALTRADER  
FOREXCOM:EURUSD   Euro / U.S. Dollar
Trend Analysis Chart Patterns Fundamental Analysis
8
2
trendanalysis chartpattern fundamental
EURUSD has been falling in a Descending channel and the price is now at the bottom of the channel. With DXY likely to drop this will result in EURUSD to retrace.

We are looking for a bullish engulfing candle on D1, and a break above the trend line on lower timeframes.

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