Phenlx
Long

EUR/USD possible uplift in coming week?

FX:EURUSD   Euro Fx/U.S. Dollar
75 0 4
EUR/USD             is building a bullish flag (blue) in a descending trend channel. The upper Trend reistance of the bullish flag is confluencing with the bigger bearish channel (red).
Two possible scenarios.

1. EUR/USD             will rebound on upper trend channel and hence will offer some good short entries
2. EUR/USD             will break through the upper trend channel and create some nice demand for a long entry.

I will focus on a Long set up.


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Please remind yourself that this is just my personal view on the market and you always should do your own analysis before trading. My Analysis should not serve as any recommendation to buy or to sell. My analysis are just my ideas and opinion how market could develop.
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