Reason to long : 1. Trendline support 2. Channel support
i have been looking on this pair for quite a long time , i keep waiting the price break the trend line support ,as you can see the price has been supported 3 times(blue rectangle) before, and now the support has broken ,as you can see the red rectangle ,and all of these conclusion support me to short this pair
Line 1 met 3 resistants before and now after a series of up and down the trend meets the resistant again and i believe that the trend will go lower again as previous happened Ps: Personal opinion , not a trading suggestion , trade your own risk, good luck.
As we can see EURUSD has just broke the trend line inside channel ,my first target is 1.11034,after break the channel support, my second target is 1.08264 ,which is another support at downside.
This is my first time pulish my idea ,so if i wrong ,sorry.And forgive my worse english