Description
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EURUSD is approaching a support line of a major falling channel.
though many traders have already jumped in longs aggressively,
be cautious and remember that here we trade against the trend.
because of high volatility there is a huge chance to see a false breakout with stop hunting,
so it is better to protect ourselves.
for a reversal confirmation pay attention to a falling channel on 1h.
bullish violation of it is a perfect reversal sign to buy.
for now, let the price trade within, no rush.
target levels will be 1.09 / 1.104