A new higher supportive channel has formed. It has tried the support twice so watch for a touch on the new resistance. If it breaks out then go long. if it retraces back into the channel then watch for a break either way. The weekly trend is in a sideways channel approaching the resistance so the change in hourly channel should see a move long.
Idee correlate
EURUSD Short
TomBurgoine
about EURUSD