EURUSD: Direct Higher Low on the Channel's bottom. Buy signal.

EURUSD made a direct hit at the bottom of the long term Channel Up pattern. This is a Higher Low on the upward sequence and the slightly red 1D technicals (RSI = 39.887, MACD = -0.004, ADX = 31.250) historically indicate within this pattern that this is the lowest risk buy entry.

In addition, the 1D RSI made the Higher Lows pattern on the S1 zone, which is consistent with the Channel bottoms of May 31st and March 8th. We have a buy position now, aiming at a +5.50% extension (TP = 1.13600).

Prior idea:


## If you like our free content follow our profile to get more daily ideas. ##

## Comments and likes are greatly appreciated. ##