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MarcellusLUX

EUR/USD bounces from channel support, can reach 1.2180 again

Long
Euro / U.S. Dollar (FX:EURUSD)  
MarcellusLUX  
FX:EURUSD   Euro / U.S. Dollar
Trend Analysis Chart Patterns Beyond Technical Analysis EURUSD eurusdlong eurusdprediction eurusdforecast eurusdidea eurusdsignal eurusdanalysis
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trendanalysis chartpattern beyondta eurusd eurusdlong eurusdprediction eurusdforecast eurusdidea eurusdsignal eurusdanalysis
EUR/USD's downtrend has come to a halt near the minor channel support.

We have seem some bullish price action at this level in the smaller time frames.
If the bears are unable to break below the support line, there is good chance
that a pullback to the channel resistance can occur again.

Currently holding a buy from 1.21 level with target at the 1.2180 level. Stop losses
below the channel support line.
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