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EUR/USD: re-evaluation of yesterday's analysis

Long
Euro / U.S. Dollar (OANDA:EURUSD)  
Investroy  
OANDA:EURUSD   Euro / U.S. Dollar
Support and Resistance Fibonacci Parallel Channel EURUSD priceaction Technical Analysis Forex forextrading investroy
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supportandresistance fibonacci parallelchannel eurusd priceaction technicalanalysis forex forextrading investroy
Initially, we were expecting for the price to re-visit the 1.093 area of resistance before initiating a full-scale drop and reaching the 1.07 area of crucial support that aligns with the 0.618 Fibonacci retracement level. Now that the price has nicely lined up at the local support level, we are awaiting some confirmations and a nice bottom formation before executing long positions and aiming for the level plotted on the graph (lower barrier of the broken channel that acts as resistance now)
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