AlgoVenture

EURUSD: Price Action Buy at Channel Bottom

Long
FX:EURUSD   Euro / U.S. Dollar
EURUSD has found support yesterday at 1.206, a previous resistance just a week ago.
Additionally, it was also supported at the bottom of a 1.5-month rising channel and a moving average.
And since this week's market is range-bound, there's a better chance EURUSD will rise today from the bottom of the week.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.