EUR/USD Short - Channel
EUR/USD has been moving in a descending channel the past few months, so looking for a potential play within the channel. Looking for price to move to the upper end of the channel at 1.11400 1.11450 area and price to react strongly bearish at these levels as confirmation to put a sell on. Aiming for a longer swing trade to the middle of the channel, or the recent strong support levels at 1.10 as it also seems to be a super strong psychological level, might be difficult to break through, unless there is strong momentum. If this plays out, recommend a trailing stop around that area.
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