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rjoshicool

EURUSD towards lower edge of the 6-week-long upward channel

Euro / U.S. Dollar (FX:EURUSD)  
rjoshicool  
FX:EURUSD   Euro / U.S. Dollar
Trend Analysis EURUSD Forex
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trendanalysis eurusd forex
EURUSD has been range bound since last 6 weeks in an upward channel.
It has now touched the lower edge of the channel now.

I would open a SHORT position if it breaks down the channel. It may go till area of around 1.4800. If it bounce up again, I would go LONG as it may then go above the 1.20 levels.
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