Euro / U.S. Dollar
Long
Updated

EURUSD Approaching Strong Demand Zone

2641
snapshot

EURUSD is entering a wide demand zone 1.105-1.107.
A lot of buyers will long the pair so, for us, it could be a very good trading opportunity.
for confirmation I will be waiting for a bullish breakout of a falling parallel channel.

T1 - 1.109
T2 - 1.111

Stop below the lowest point of the channel
Order cancelled
Lower low lower close
the setup is now invalid

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.