EUR/USD RANGEBOUND, MEDIUM TERM LONG SETUP!

Hello my beauties.

EUR/USD has been range-bound for over half a year. You can see the support and resistance in red. For those of you who like trading ranges, this is an opportunity.

I believe that after it exceeded its lower support, euro could break out of the range. On top of that, it generated an over-extended double bottom (currently retesting neckline, 0.5 fibonacci).

I will be looking into longing if I see a nice reaction from the area in green.

If you find this idea to be helpful like, follow, and drop a comment below if you'd want me to analyse a different pair.

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Peace.

Luca, TrickleDownFX
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