EURUSD: Where is support?

23 ott 2019

hey guys,

I have noticed that many traders are looking for a bullish trend continuation trade
and looking for a continuation from current structure support 1.112.

Though it is indeed an important level of structure to consider,
I am very skeptical about buying the market from this level.

Focusing on a rising channel that the pair was trading within for quite a while,
it looks like after a fake bullish breakout of it, EURUSD is again trading inside.

For this reason, there is a high chance to see a bearish continuation to a support line of a channel
and for us, it is better to look for a long trade there.

your safest zone to buy will be
1.108 - 1.106

please, support the idea with like and leave a comment, thanks!)