Euro / U.S. Dollar
Long

EURUSD Short term buy inside a Channel Up.

249
EURUSD is trading inside a Channel Up.
The price has falled by -0.55%, same amount as the October 25th-28th pull back.
That was a short term buy opportunity that targeted the 0.786 Fibonacci.
The MA200 (1h) is supporting just below.

Trading Plan:
1. Buy on the current market price.

Targets:
1. 1.08750 (Fibonacci 0.786 level).

Tips:
1. The RSI (1h) is about to turn oversold. That has been the most effective buy signal on the last 3 lows (October 29th, 28th and 23rd).

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Notes:
Past trading plan:

EURUSD short term relief rebound is expected.

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