Josphat89
Long

EURUSD: LONG AFTER VIOLATION OF DESCENDING CHANNEL. ABOVE 1.1250

FX:EURUSD   Euro Fx/U.S. Dollar
434 1 5
The EUR/USD             is trading in a descending channel and has reached the 61.8 retracement of the previous uptrend.
My recommendation:
Any break above the falling channel (1.1250) will take the pair to 1.1380 and 1.5230 in extension.

A break below 1.1150 confirms further declines.

Buy at or above 1.1250 with SL around 1.1150 and TP 1.1380 and 1.1530


yea I also think that it will recover, but may take several days...
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