I. EURUSD on daily timeframe has touched dynamic support 1.1125, marked with yellow line on the chart. II. On intraday chart the pair has tested lower range of descending channel, starting from 1.1380. III. Support zone 1.1125 is confirmed with trendline crossing on 1H timeframe.
Expect EURUSD rising from current level targeting 1.1230.
Trade active
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EURUSD has performed backward test and rebound from dynamic support 1.1120, upper range of intraday descending channel. Stop set at 1.1100, target left the same at 1.1230.