EURUSD in Uptrend Channel.

FX:EURUSD   Euro / U.S. Dollar
EURUSD is in uptrend channel and currently in a descending triangle formation from I expect a break to the downside to retest the uptrend line of this uptrend channel .

I plan to long on this uptrend line all the way to 1.18000, roughly 60 pips.

RSI and MACD are showing neutral signs, EMA's are in uptrend, both 4H and daily.

Good luck with this trade!
Trade closed: target reached: Target reached! +55 pips


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