Price is currently at support level and is also in a downtrend on a bigger time frame.
If it breaks this support level , I will be looking for it to also break the ascending channel trend line . If it does I'll wait for it to come back up and do a re-test. If re-test happens I'll take a short position on EU and hold all the way down to next support level .
Hope this helps some one.
If it breaks this support level , I will be looking for it to also break the ascending channel trend line . If it does I'll wait for it to come back up and do a re-test. If re-test happens I'll take a short position on EU and hold all the way down to next support level .
Hope this helps some one.