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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