Still watching this EURUSD channel. There was nothing to do yesterday given the PA and it was the last day of the month.
EU broke above channel resistance and is testing it as new support today. Looks a little heavy here but I need a 4h close below channel resistance at 1.1790 to confirm the fakeout.
Would obviously be a counter-trend trade if you short this, so be sure to take that into account. Just under 3 hours to go until this next 4h close.
Alternatively, you use a failed breakout (if we get it) as a signal to wait for a buying opportunity near 1.1600.
