Fxprotrader

EURUSD: Watch for a Buy Setup at Current Level

Long
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FX:EURUSD   Euro / US-Dollar
After our yesterday's successful sell trade in EURUSD (link below) we may have another nice opportunity at this market, with price testing a key support zone created by previous structure and the sliding parallel of the descending channel which prviously acted as resistance. In addition we may clearly see a completed reverse head and shoulders pattern. Watch for a buy setup and go long with EURUSD
Kommentar:
Price reached the upper parallel of the channel. In case it breaks above it there is a high probability to reach our initial target zone
Kommentar:
News gave us the last move of this setup. Those who identified a setup a the buy zone booked a very nice trade ;) Well done
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