Bouncing off long time support and close to trend line.
Overall trend up
Divergence in Ultimate oscillator started when UO was over 60.
Bouncing up off supporting trend line.
Long term trend up, so this trade is in the same direction.
S/L below previous low.
Decent R/R ration of 1.7
EUR/USD seems to have bounced off long time support around 1.1120. Opportunity to go long, maybe up to next resistance around 1.1325.
Short term trend is up, so going long shouldn't be too risky.