EUR/USD: plans have changed, time to go long

As it can be inferred from the graph, after failing to form Lower Lows, bulls stepped into the game and drove the price up. Moreover, strong bullish candles have been printed and the price neatly broke out of the descending channel. The overall bias for this pair remains bearish, but on the lower timeframes, we can clearly see that at the moment the price is strongly bullish. We are gonna open long positions and aim for the zone of resistance indicated on the graph.