Good morning fellow traders,

Here is my thoughts about the cross EUR/USD. In this right moment this pair mark: 1.1106.

Long term massive support line (since 08 March 2015) is located at 1.1075
Long term channel: Upside
Next resistance line: 1.1225

Look at the charts:

1. Weekly chart
A longterm channel is very clear on Weekly chart. The price is now touching the bottom line of the channel. Buy now and wait for long. However, this is not recommended for contests purposes.


2. Daily chart

Upside longterm longitudinal line is now intercepting support line at 1.1000. This is crutial. The cross is fighting to hold on in this area attempting upside. RSI: oversold.




Good luck to everyone.
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