Many traders are still short on EURUSD, this makes us want to look for buy positions. On the daily we are in a long term ascending channel where the trend has been consistently respected. We also have formed an inverted H&S pattern and have seen an impulsive move out of a possible order block region. We could see a break of the correctional bearish channel before continuation to the upside after retest of previous structure. We are in this trade now and will update the idea where necessary.
Trade active:
Running +200 pips (5.17%)