nkanven
nkanven Nov 25, 2015 at 02:10
Hello! EURUSD actually swimming in a 12 years lows. This area is acting as a very strong support level. Going short is riskier (for me) than going long. Price has been testing this area since january. I don't see any upcoming news able to break this support. Nevertheless, some trade can be made by riding this 4h descending channel. Short on the channel resistance is not a bad idea. I personally look for an upside breakout to go long or the 1.04540 level to short for a long fall.