Long at .6860 Area

I am thinking price will fall to the .6860 area and bounce up from there for a possible long term trade in the coming days/weeks. Look for a restest and bullish confirmation from the bottom portion of the channel if it is retested.

Comment:

The pair tested the bottom support as expected and bounced to the upside. Currently the pair is trading at a resistance area, look for either a bullish confirmation if the resistance line is broken and confirms support or look for possible short if retested and support is not found.

Trade with risk management

Comment:

Potential retest at the .7015 area