UnknownUnicorn2396129

EUR/USD BUY OPPORTUNITY

Long
FX:EURUSD   Euro / U.S. Dollar
here as we can see on the EUR/USD chart, due to a sudden gain in strength in the euro it has caused the euro to have a strong break out from a downward trending channel to the upside direction, after the rise it then started to lose momentum and then created a new resistance level by double topping, which shows price has created structure confirmation at that level and price is looking to go in a downwards direction. also, we saw high crossing stochastics with a high RSI at this point.this after lead to a downfall in the euro. right now we are waiting for the price to move down to the top downward trendline, to hopefully see candle confirmation with low crossing stochastics and a low RSI, for price to confirm structure on top of the line, without breaking down past it and then move its momentum to the upside and for us to look for a buy opportunity.
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