matthewwrightt

EURUSD Long Breakout

Long
OANDA:EURUSD   Euro / U.S. Dollar
Testing key support line at 1.06964 (pink line).

Price moving in a downward channel .

Price may rebound off the bottom of the channel.

RSI is showing currency is edging towards oversold.

Possible trend reversal from the key support.

Look for confirmation from higher volume .

Also look for EMA 4 to cross EMA 9 upwards for extra confirmation.