Fx_Trader_ViSa

EURUSD Trade In-Channel Pattern After The Breakout.

Short
OANDA:EURUSD   Euro / U.S. Dollar
EURUSD has given a breakout from its downtrend line, but EURUSD price is still trading near that downtrend line in channel pattern, so the breakout is not so strong to change long term trends. Considering this, we might see a downside in EURUSD towards the support1, as it is crossing down trendline as well, so EURUSD might consolidate at support1, but if it breaks the support1 fresh downside trend can be considered and EURUSD might move towards the support2. If it takes support at support1 and bounces back from that level, resistance will be at resistance1.

If You Like Idea Do Follow/Comment/Like for More Updates.
Note - Trade With Proper Risk Management System.

Thanks